Carl Icahn Announces Increase In Tender Offer Price For CIT Group Notes

Carl Icahn announced that it has raised his offer for notes issued by CIT Group Inc.(CIT). Icahn said it is now offering to pay $650 per $1,000 of principal in certain senior notes that are covered in his tender offer. The tender offer is open for acceptance until December 2, 2009, unless extended or withdrawn.

by RTTNews Staff Writer

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