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Stock Market & Financial Investment News

News Breaks
January 1, 2013
14:36 EDTTXTTextron:4.5% convertible senior notes due '13 convertible at holders discretion
Textron announced today that its 4.5% Convertible Senior Notes due 2013 will be convertible at the option of the holders through March 31, 2013. The Notes will be convertible because Textronís common stock price exceeded the conversion threshold price of $17.06 per share (130 percent of the applicable conversion price of $13.125 per share) for at least 20 trading days during the 30 consecutive trading days ending December 31. As a result, during the first calendar quarter, holders of the Notes may elect to convert some or all of their Notes. Pursuant to the terms of the Indenture, the Notes will remain convertible through April 29, 2013, the second trading day preceding their May 1, 2013 maturity date. The Company may deliver shares of common stock, cash or a combination of cash and shares of common stock in satisfaction of its obligations upon conversion of the Notes.
News For TXT From The Last 14 Days
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November 20, 2014
07:35 EDTTXTTextron price target raised to $52 from $46 at Jefferies
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November 14, 2014
12:29 EDTTXTTextron management to meet with Jefferies
Meetings to be held in Los Angeles/San Francisco on November 17-18 hosted by Jefferies.
November 13, 2014
10:02 EDTTXTHoneywell selected as production aircraft engine supplier for AirLand Scorpion
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