Anixter's 1% senior convertible notes convertible Jan. 15-Feb. 14

By Marisa Wong

Madison, Wis., Jan. 15 - Anixter International Inc. announced that its 1% senior convertible notes due Feb. 15, 2013 became convertible beginning Jan. 15.

The notes are convertible through 5 p.m. ET on Feb. 14.

The present conversion rate of the notes is 17.917 shares of the company's common stock per $1,000 principal amount of notes.

The company said it intends to settle all conversions in cash.

The Bank of New York Mellon Trust Co. NA is the trustee and conversion agent for the notes. Questions should be directed to Mary Callahan at 312 827-8546.

Anixter is a Glenview, Ill.-based distributor of communication and security products, electrical and electronic wire and cable, fasteners and other small parts.

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