Textron (TXT) Removing Finance Unit Notes from NYSE

Textron Inc (NYSE:TXT) said today it plans to withdraw the New York Stock Exchange listing of bonds issued by its finance arm, an action it said came from its decision in 2008 to deeply cute back that division.

The diversified U.S. manufacturer said it would withdraw the NYSE listing of Textron Financial Corp's 5.125 percent notes due August 2014 and that the unit would cease to file its own operational reports with the U.S. Securities and Exchange Commission.

The company said the finance arm would continue to release its financial statements on its Web site.

The parent company's NYSE listing and SEC reporting will not be affected by this move, Textron said.




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