CIT Rejects Icahn Offer
CIT Group Inc. (NYSE: CIT) rejected billionaire investor Carl Icahn's loan offer to secure a new $4.5 billion credit facility sending the stock price down 11 cents to close at 95 cents.
CIT Group Inc. (NYSE: CIT) rejected billionaire investor Carl Icahn's loan offer to secure a new $4.5 billion credit facility sending the stock price down 11 cents to close at 95 cents.