Convertibles Calendar

JAN. 22 WEEK

BALDOR ELECTRIC CO. (NYSE: BEZ): $150 million three-year mandatorily convertible preferred stock; UBS Investment Bank, Bear Stearns (joint books); off shelf; $22.5 million greenshoe; par of $250; automatically convert in 2010; Fort Smith, Ark.-based maker of electric motors, drives and generators will use proceeds along with $200 million of common stock and $550 million of unsecured senior notes to finance acquisition of Rockwell Automation Inc.'s Reliance Electric industrial motors and Dodge mechanical power transmission businesses and to repay all Baldor's debt; pricing on Jan. 25 after the close.

ON THE HORIZON

STANLEY WORKS (NYSE: SWK): equity-linked convertible debt to help finance acquisition of HSM Electronic Protection Services, Inc. from private investors for $545 million in cash; also to be funded with available cash and debt, including a $500 million credit agreement via Citigroup Global Markets Inc.

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