Sponsors
▼ Professional Services
Sonos: The Wireless HiFi System
Sonos S5: Wirelessly play any song, in any room. Play iTunes, Pandora,
More...
More...
► News from other sources
► Industry Insight
► What our readers say...
CIT may file BK on Sunday night
October 30, 2009 10:53 AM
From a WALL STREET JOURNAL news alert:
CIT Group and Carl Icahn have reached a tentative deal that could end a recent feud over the lender's restructuring plan, said people familiar with the matter. CIT has agreed to accept $1 billion in backup financing from Icahn, which it would tap if it needs more than $4.5 billion it recently received from other bondholders. CIT stock was halted on the news.
The company plans to file for bankruptcy in New York as soon as Sunday night or early Monday, said people familiar with the matter. CIT is poised to enter bankruptcy with enough creditor support to approve its reorganization plan and shorten its stay in Chapter 11, these people said.
Articles you might have missed
▼ Industry Releases
- Spy brand Q1 sales rise 14%
- Europe challenges hurt Puma Q1 profits, sales
- CCS presents Midwest Mayhem
- NRF: April retail sales rise 3.9% vs. last year
- SIA Releases August - March RetailTRAK™ data
- True Religion to be acquired for $835 million
- Val Surf launches a new website
- Billabong names Micah Byrne Surf Team Manager
- The Buckle April same store sales rise
- TransWorld Business partners with Surf Expo
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Financial news
- Retail
- SES Friends
- Surfing Heritage Found.
- The Rookery
- Surfline
- Malakye
- groupY
- RacerX
- The Berrics
- Apparel News
- SES Sponsors
- Turtle Bay Resort
- Wells Fargo Capital Finance
- KNOW?SHOW
- Ei-Lo
- Innovative Systems
- Surf Expo
- ChopShop
- Displayit
SES Authors
Developed by Taylor Digital
© Shop-Eat-Surf, LLC, 2008-2013. All rights reserved.
