Textron says 4.5% convertibles may be converted during first quarter

By Devika Patel

Knoxville, Tenn., Dec. 30 - Textron Inc. said holders of its 4.5% convertible senior notes due 2013 may elect to convert their notes from Jan. 1 through March 31.

The Bank of New York Mellon Trust Co., NA, is the trustee.

The notes will be convertible because Textron's common stock price exceeded the conversion threshold price of $17.06 per share (130% of the conversion price of $13.125) for at least 20 trading days of the 30-consecutive-trading-day period ended Dec. 31.

Textron is an aircraft, industrial and finance company based in Providence, R.I.

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