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Should CIT just get on with it? (1 viewing) (1) Guest

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TOPIC: Should CIT just get on with it?
#1222
Should CIT just get on with it? 5 Years, 3 Months ago Karma: 0  
What is the market telling CIT this morning? The price of its $1 billion floating-rate notes due August 17 fell to 79.5 cents this morning, the WSJ reported, below the 82.5 CIT said it's willing to pay during the tender offer.

The tender offer is make or break, CIT has said.

Is prepackaged bankruptcy the best course, as investment firm Houlihan Lokey apparently wants? What about smaller bondholders? Are they really willing to take it on the chin?
 
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Should CIT just get on with it?
HJohnson 2009/07/23 21:00
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HJohnson 2009/10/19 18:33
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mcole 2009/10/26 07:01
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HJohnson 2009/10/29 04:51
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mcole 2009/10/29 05:13
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mcole 2009/11/02 06:17
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SherylNash01 2009/11/02 13:13
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HJohnson 2009/11/02 17:43
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