CIT Group Borrows $7.3 Billion

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In order to repay debt, CIT Group Inc. (NYSE: CIT) borrowed $7.3 billion through credit lines and is looking for new sources of funding.  The stock price plunged $2.01 to close at $9.63.

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This page contains a single entry by published on March 20, 2008 1:42 PM.

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