Textron 4.5% convertible senior notes remain convertible to June 30

By Marisa Wong

Madison, Wis., March 31 - Textron Inc. said that holders of its 4.5% convertible senior notes due 2013 may still elect to convert their securities through June 30.

The notes continue to be convertible because Textron's common stock price exceeded the conversion threshold price of $17.06 per share, or 130% of the conversion price of $13.125 per share, for at least 20 trading days during the 30 consecutive trading days ending March 31.

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

The company may deliver shares of common stock, cash or a combination of cash and shares of common stock upon conversion of the notes.

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

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