Monday, August 03, 2009

CIT playing catch up

CIT is still working things out. Today it revised a tender offer to buy-out noteholders, and has left in place some outdated company profile boilerplate in its press releases.



CIT is a bank holding company with more than $60 billion blah blah blah... Founded in 1908 and headquartered in New York City, CIT is a member of the Fortune 500. www.cit.com


In fact, CIT was dumped from the S&P 500 a couple of weeks back and replaced by Raleigh, NC-based open source vendor Red Hat. I guess CIT has been cutting back on its flack expenditures.

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