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Textron Announces Completion of Tender Offer

21 January 1999

Textron Announces Completion of Tender Offer

    PROVIDENCE, R.I.--Jan. 21, 1999--Textron Inc. today announced the successful completion of the cash tender offer which commenced on January 7, 1999 and expired on January 19, 1999. Debt securities in the principal amount of $477 million were tendered representing 75% of the total debt securities outstanding at the time the tender offer was announced. Morgan Stanley Dean Witter acted as the exclusive Dealer Manager for the tender offer.
    Textron Inc. is a $10 billion, global, multi-industry company with market-leading operations in Aircraft, Automotive, Industrial and Finance.