Tyco International Ltd. today announced that its financial services subsidiary, CIT Group Inc., filed a registration statement on Form 10 with the Securities and Exchange Commission (SEC) relating to the pro rata distribution of the shares of CIT to Tyco shareholders. Tyco expects the distribution to be completed during the second calendar quarter of 2002. CIT intends to file an application to list its common stock on the New York Stock Exchange under the symbol "CIT."
CIT's registration statement on Form 10 relating to the registration of its common stock under the Securities Exchange Act of 1934 has been filed with the SEC, but has not yet become effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
