Textron 4.5% convertible senior notes remain convertible to Dec. 31

By Melissa Kory

Cleveland, Sept. 30 - Textron Inc. said that holders of its 4.5% convertible senior notes due 2013 may still elect to convert their securities through Dec. 31.

The notes will be convertible because the price of Textron's common stock 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 ended Sept. 30.

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

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

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