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Trading > Calculated Risk

Report: CIT to File Bankruptcy on Sunday

Calculated Risk... | Fri, 10/30/2009 - 3:31pm |  1 comment

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From the WSJ: CIT, Icahn Reach Tentative Deal Over Lender's Restructuring As part of further discussions with CIT, Mr. Icahn has agreed to back down while the company restructures in bankruptcy court . ... The company plans to file for bankruptcy in New York as soon as Sunday night or early
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