cit group inc (CIT:New York)
Transactions by CIT GROUP INC (CIT) in the last 6 months
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 ...
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Sullivan & Cromwell LLP
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 ...
ReadyCap Lending LLC acquired CIT Small Business Lending Corporation from CIT Group Inc. (NYSE:CIT) on June 28, 2014.
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