PerkinElmer tenders for 8 7/8% notes

New York, Oct. 25 - PerkinElmer Inc. said it has begun a cash tender offer and consent solicitation for its $270 million of 8 7/8% senior subordinated notes due 2013.

The price for the notes will be fixed using a spread of 50 basis points over the yield to maturity of the 3% U.S. Treasury note due Feb. 15, 2008. Included in the total is a $20 per $1,000 consent payment that will only be paid to holders who tender by the consent deadline.

Pricing will be fixed at the earlier of the first business day after the consent deadline and the second business day before the offer expires.

The consent deadline is 5 p.m. ET on Nov. 7, and the tender ends at 9 a.m. ET on Nov. 23.

In the consent solicitation, the Boston-based health sciences and photonics company is seeking to amend some provisions of the notes and their indenture.

PerkinElmer may buy all notes validly tendered at any time after pricing has been fixed.

Citigroup Corporate and Investment Banking (800 558-3745 or call collect 212 723-6106) and Goldman, Sachs & Co. (800 828-3182 or call collect 212 357-7867) are dealer managers. Global Bondholder Services Corp. is the depositary and information agent (866 470-4500 or 212 430-3774).

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