NEW YORK (Reuters) – Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc’s efforts to launch a restructuring plan, said on Friday he was now backing the lender’s pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. Continued here: CIT, Icahn …
Also tagged billionaire, cit, filing-as-soon, friday, group, icahn-, lender, more-likely, new, said-on-fridayReuters – Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc’s efforts to launch a restructuring plan, said on Friday he was now backing the lender’s pre-packaged bankruptcy, making a filing as soon as this weekend more likely, analysts said. Go here to read the … See …
Also tagged analysts-said-, backing-the-lender, billionaire, group, icahn-, said-on-friday, weekendCIT Chairman and CEO Jeffrey M. Peek plans to step down at the end of the year, according to company officials. Devastated by the downturn in the credit markets, the business lender has been trying to avoid bankruptcy for months as it restructures its operations. Read more from the …
Also tagged business, for-months, its-operations-, jeffrey, step-down, the-, the-yearCIT Chairman and CEO Jeffrey M. Peek plans to step down at the end of the year, according to company officials. Devastated by the downturn in the credit markets, the business lender has been trying to avoid bankruptcy for months as it restructures its operations. Read more from the …
Also tagged business, chairman, cit, down-at-the, downturn, for-months, its-operations-, lender-has, the-business, the-credit, year