Last $46.71 USD
Change Today -0.03 / -0.06%
Volume 2.1M
CIT On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 04/15/14 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 02/3/14
NACCO S.A.S.
Merger/Acquisition

CIT Group Inc. (NYSE:CIT) acquired NACCO S.A.S. on February 3, 2014. NACCO will market itself as Nacco, A CIT Company. Dan DiStefano, Senior Vice President and General Manager, Locomotives for CIT Rail, was appointed President of NACCO. Deutsche Bank Securities Inc. acted as financial advisor to CIT. Alexandre Ippolito, Estelle Philippi, Guillaume Vallat, Adrien Moretti, Denise Diallo, Stanislas Curien, Thierry Pujol d’Andrebo, Aïssatou Bah, Alexandre Jaurett, Philippe ...
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CIT's price was unchanged after the transaction was announced on 02/3/14.
Investor / Buyer
CIT Group Inc.
Financial Advisor
Rothschild & Cie Banque
Legal Advisor
White & Case LLP
 
Announced 01/21/14
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 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 01/21/14.
 
Announced 01/20/14
Dots, LLC
Bankruptcy

Dots, LLC, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of New Jersey on January 20, 2014. The debtor listed its assets of $51.57 million and liabilities of $85.44 million. The largest unsecured creditors include CIT Group Inc., Hana Financial, Inc., Heart & Hips, Inc., Rosenthal & Rosenthal, Inc., Merchant Business Credit, Inc., Finance One, Inc., Jacmel Jewelry, Inc., Land N Sea ...
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CIT's price was unchanged after the transaction was announced on 01/20/14.
Creditor / Lender
CIT Group Inc.
Finance One, Inc.
Hana Financial, Inc.
Heart & Hips, Inc.
Jacmel Jewelry, Inc.
Joe Benbasset, Inc.
Land N Sea Inc.
Merchant Business Credit, Inc.
Rosenthal & Rosenthal, Inc.
Wells Fargo & Company
Legal Advisor
Lowenstein Sandler LLP
Pearson, Simon & Warshaw, LLP
Togut, Segal & Segal, LLP
 
 

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Industry Analysis

CIT

Industry Average

Valuation CIT Industry Range
Price/Earnings 14.0x
Price/Sales 3.8x
Price/Book 1.0x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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