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Anixter International (AXE)
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AXE » Topics » Conversion Upon Certain Distributions

These excerpts taken from the AXE 10-K filed Feb 27, 2009.
Conversion Upon Certain Distributions
 
If the Company elects to:
 
  •  distribute, to all holders of the Company’s common stock, any rights entitling them to purchase, for a period expiring within 45 days of distribution, common stock, or securities convertible into common stock, at less than, or having a conversion price per share less than, the closing price of the Company’s common stock; or
  •  distribute, to all holders of the Company’s common stock, assets, cash, debt securities or rights to purchase the Company’s securities, which distribution has a per share value exceeding 15% of the closing price of such common stock,
 
holders may surrender their Notes due 2013 for conversion at any time until the earlier of the close of business on the business day prior to the ex-dividend date or the Company’s announcement that such distribution will not take place.
 
Conversion
Upon Certain Distributions


 



If the Company elects to:


 


























  • 
distribute, to all holders of the Company’s common stock,
any rights entitling them to purchase, for a period expiring
within 45 days of distribution, common stock, or securities
convertible into common stock, at less than, or having a
conversion price per share less than, the closing price of the
Company’s common stock; or
  • 
distribute, to all holders of the Company’s common stock,
assets, cash, debt securities or rights to purchase the
Company’s securities, which distribution has a per share
value exceeding 15% of the closing price of such common stock,


 



holders may surrender their Notes due 2013 for conversion at any
time until the earlier of the close of business on the business
day prior to the ex-dividend date or the Company’s
announcement that such distribution will not take place.


 




These excerpts taken from the AXE 10-K filed Feb 21, 2008.
Conversion Upon Certain Distributions
 
If the Company elects to:
 
  •  distribute, to all holders of the Company’s common stock, any rights entitling them to purchase, for a period expiring within 45 days of distribution, common stock, or securities convertible into common stock, at less than, or having a conversion price per share less than, the closing price of the Company’s common stock; or
  •  distribute, to all holders of the Company’s common stock, assets, cash, debt securities or rights to purchase the Company’s securities, which distribution has a per share value exceeding 15% of the closing price of such common stock,
 
holders may surrender their Notes due 2013 for conversion at any time until the earlier of the close of business on the business day prior to the ex-dividend date or the Company’s announcement that such distribution will not take place.
 
Conversion
Upon Certain Distributions


 



If the Company elects to:


 


























  • 
distribute, to all holders of the Company’s common stock,
any rights entitling them to purchase, for a period expiring
within 45 days of distribution, common stock, or securities
convertible into common stock, at less than, or having a
conversion price per share less than, the closing price of the
Company’s common stock; or
  • 
distribute, to all holders of the Company’s common stock,
assets, cash, debt securities or rights to purchase the
Company’s securities, which distribution has a per share
value exceeding 15% of the closing price of such common stock,


 



holders may surrender their Notes due 2013 for conversion at any
time until the earlier of the close of business on the business
day prior to the ex-dividend date or the Company’s
announcement that such distribution will not take place.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009
10-K (2 sections)
Feb 21, 2008

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