Home>Topics>>Exclusive: CIT has explored possible sale - sources
Exclusive: CIT has explored possible sale - sources
Reuters: Business News
Fri, 8 Feb 2013
NEW YORK (Reuters) - CIT Group Inc had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co , but nothing came of the conversations, according to three people familiar with the specialty finance company.
The T. Rowe Price High-Yield manager discusses the firm's investment in the debt of companies emerging from bankruptcy, including Lyondell, GM, and CITGroup .