Textron Inc. (NYSE:TXT) has commenced a cash tender offer for any and all of its 4.50% Convertible Senior Notes due 2013. The company also lowered its fiscal year 2011 earnings outlook.
Per the terms and subject to the conditions set in the company’s Offer to Purchase, dated September 14, 2011, and the related Letter of Transmittal, the company has started a tender offer to purchase for cash any and all of its outstanding 4.50% Convertible Senior Notes due 2013. Unless extended or earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards