WALTHAM, Mass., Aug. 9 /PRNewswire-FirstCall/ -- Thermo Fisher Scientific Inc. , the world leader in serving science, announced that its board of directors has authorized the repurchase of $700 million of shares of its own common stock, in the open market or in negotiated transactions, through August 8, 2008. This new authorization, combined with the previous stock repurchase authorization of $300 million through February 28, 2008 -- under which no shares have been purchased to date -- brings the company's current total stock buyback authorization to $1 billion.
About Thermo Fisher Scientific
Thermo Fisher Scientific is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With an annual revenue rate of more than $9 billion, we employ 30,000 people and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit http://www.thermofisher.com .
Media Contact Information: Investor Contact Information: Lori Gorski Ken Apicerno Phone: 781-622-1242 Phone: 781-622-1111 E-mail: lori.gorski@thermofisher.com E-mail: ken.apicerno@thermofisher.com Website: http://www.thermofisher.com
Thermo Fisher Scientific Inc.CONTACT: Lori Gorski, +1-781-622-1242, lori.gorski@thermofisher.com, orKen Apicerno, +1-781-622-1111, ken.apicerno@thermofisher.com, both ofThermo Fisher Scientific Inc.
Web site: http://www.thermofisher.com/
Company News On-Call: http://www.prnewswire.com/comp/877850.html /
