!!!!!!!!!!!!! CIT HALTED !!!!!!!!!!!!!!! *** BANKRUPTCY by Sunday ***

CIT enters into restructuring plan support agreement with Carl Icahn.....from fly on the wall.
A link will do you no good, it's a subscribtion service.

theflyonthewall.com: CIT Group enters into restructuring plan support agreement with Carl Icahn
CIT Group announced that it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1B committed line of credit from Icahn Capital LP to provide supplemental liquidity for CIT as it pursues that plan. This new line of credit may be drawn by the company on or prior to December 31, 2009, subject to definitive documentation and other customary conditions, and may be drawn as debtor-in-possession financing in the event of bankruptcy. Together with CIT’s $4.5B expansion facility, announced on October 28, 2009, and other available sources of liquidity, the line of credit will further enhance CIT’s liquidity during the execution of its restructuring plan and ensure its ability to serve its existing small business and middle market customers



full headline.

Bullshit flag pending

[link to www.bloomberg.com]

It is halted my streamer shows last print at 13:14:51

Eat it. I don't bullshit.

"CIT Shares Halted; WSJ Reports Company Reaches Tentative Deal with Carl Icahn (Story Developing—Click for Last Stock Quote)"

CNBC.com

This may be why the market was plunging and now has stopped plunging a bit. holding @ 212-217 last time I checked

NOT BULLSHIT IDIOT

What does this mean, good or bad?

I supplied the reliable link above Glass..and I have come to see YOU do not BS.

Don't forget kids: CIT =/= CITI

date says March 20th.

That is a really old article... anything else more recent?

Doubtful. CIT's troubles are/were nothing new. The market's little bounce was technical.

The date on that article was March 20th!!!

CIT bank likely to declare bankruptcy today after markets close or over the weekend:

Stock value: 0.913
Down from yesterday: -0.037 (-3.89%)
Real-time: 1:14PM EDT

If the stock is under $1.00/share it MUST GET DELISTED I do believe.

-225 AND NOT LOOKING LIKE IT PLANS ON COMING BACK.

Read the third post. That's from minutes ago.

Probably good for Carl Icahn.

Last Updated: March 20, 2008 12:03 EDT

NYSE can extend listings. Not positive if that's what they did with CIT or not.

This is a good halt, dumbasses. CIT stock will soar once it reopens.

Grabbed the wrong one. Dang it. However, Fox Business now reporting it. Will grab other link.

OP should be banned

For reporting something true? On GLP, you may be right.

doesn't appear to be very doomy.

CIT is going tits-up.

CIT Group (CIT) Enters into Restructuring Plan With Carl Icahn

Posted on 10/30/09 at 1:21pm CIT (NYSE: CIT) confirms that it enters into restructuring agreement w/ Icahn Capital. CIT can have access to the $1B line of credit, helps liquidity.

CIT Group Inc. announced that it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental liquidity for CIT as it pursues that plan.

This new line of credit may be drawn by the Company on or prior to December 31, 2009, subject to definitive documentation and other customary conditions, and may be drawn as debtor-in-possession financing in the event of bankruptcy. Together with CIT’s $4.5 billion expansion facility, announced on October 28, 2009, and other available sources of liquidity, the line of credit will further enhance CIT’s liquidity during the execution of its restructuring plan and ensure its ability to serve its existing small business and middle market customers.

###

Sounds like bankruptcy to me?

[link to www.benzinga.com]

If he is correct can we ban you?

Hi Snark :)

Is it time to start packing our bags and head to Mount Doom?!