Last $46.63 USD
Change Today +0.46 / 1.00%
Volume 835.4K
CIT On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 4:15 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

Transactions by CIT GROUP INC (CIT) in the last 6 months

Announced 07/22/14
3.38B for IMB HoldCo LLC
Merger/Acquisition

CIT Group Inc. (NYSE:CIT) entered into a definitive agreement to acquire IMB HoldCo LLC for approximately $3.4 billion in cash and stock on July 21, 2014. Under the terms of the agreement, IMB Holdco’s shareholders will receive $2 billion in cash and 31.3 million shares of CIT Group Inc. The cash portion of the consideration will be financed from $1.5 billion to $2 billion of senior unsecured notes at approximately 4.5% pre-tax coupon. The purchase consideration represents ...
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CIT's price was unchanged after the transaction was announced on 07/22/14.
Investor / Buyer
CIT Group Inc.
Financial Advisor
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Legal Advisor
Cleary, Gottlieb, Steen & Hamilton LLP
Sullivan & Cromwell LLP
 
Announced 07/22/14
500.00M for CIT Group Inc.
Buyback

CIT Group Inc. (NYSE:CIT) announces a share repurchase program. Under the program, the company will repurchase up to $500 million of its outstanding common stock. The repurchases may be effected in the open market through derivative, accelerated repurchase and other negotiated transactions, and through plans designed to comply with Rule 10b5- 1(c) under the Securities Exchange Act of 1934, as amended. The management will determine the timing and amount of any share repurchases ...
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CIT's price was unchanged after the transaction was announced on 07/22/14.
 
Announced 07/17/14
CIT Small Business Lending Corporation
Merger/Acquisition

ReadyCap Lending LLC acquired CIT Small Business Lending Corporation from CIT Group Inc. (NYSE:CIT) on June 28, 2014.


CIT's price was unchanged after the transaction was announced on 07/17/14.
Investor / Buyer
ReadyCap Lending, LLC
Creditor / Lender
CIT Group Inc.
 
Announced 04/29/14
300.00M for CIT Group Inc.
Buyback

CIT Group Inc. (NYSE:CIT) announces a share repurchase program. Under the program, the company will repurchase up to $300 million of its common stock. Repurchases will be made in the open market, through derivative, accelerated repurchase and other negotiated transactions, and through plans designed to comply with Rule 10b5-1(c) under the Exchange Act. Management will determine the timing and amount of any share repurchases under the share repurchase authorizations based ...
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CIT's price was unchanged after the transaction was announced on 04/29/14.
 
 

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CIT:US $46.63 USD +0.46

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Industry Analysis

CIT

Industry Average

Valuation CIT Industry Range
Price/Earnings 13.9x
Price/Sales 3.6x
Price/Book 1.0x
Price/Cash Flow 12.4x
TEV/Sales NM Not Meaningful
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