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News Breaks | | | | January 1, 2013 | | 14:36 EDT |  | TXT | Textron: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 Textron’s 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. | |
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News For TXT From The Last 14 Days Check below for free stories on TXT the last two weeks. |
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| May 21, 2013 | | 07:18 EDT |  | TXT | Electrical Products Group to host a conference
2013 EPG Conference is being held on Longboat Key, Florida on May 20-22 with webcasted company presentations to begin on May 21 at 7:30 am; not all company presentations may be webcasted. Webcast Link | | | May 13, 2013 | | 08:47 EDT | | TXT | CPI Aerostructures announces $3.95M in new requirements from Bell Helicopter
CPI Aerostructures (CVU) announced that it has received an extension, through 2015, to its existing General Ordering Agreement with Bell Helicopter, a Textron (TXT) company, that adds additional delivery requirements totaling $3.95M for the manufacture of various assemblies for the AH-1Z ZULU attack helicopter. | |
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