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Tyco International Ltd. raised a disappointing US$4.6 billion in the initial public offering for its finance unit, CIT Group Inc., yesterday afternoon. Two hundred million shares sold for US$23 each, below the planned range of US$25 to US$29 per share....
#CIT#international#investment
Shares of CIT Group Inc. fell 4% Tuesday, a day after Tyco International Ltd. spun off the finance unit to…
Tyco International Ltd. has decided against selling its lending division and will instead spin it off in an initial public…
CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership…
#CIT#CIT Commercial Services#international
Tyco’s former International Director, Frank Walsh commented on Monday about the litigation filed by Tyco’s board of Directors. He said:…
#acquisition#CIT#financial services
HPSC Inc. announced today that it has discovered that an employee of the company's asset-backed lending subsidiary, American Commercial Finance…
#AMEX#bank#commercial finance
Tyco has filed a suit against former director Frank Walsh. The company said that the Mr Walsh received an improper…
CIT Group Inc. announced that an amended registration statement has been filed with the Securities and Exchange Commission by CIT…
A federal grand jury on Wednesday charged that Michael R. Agnew, president and sole owner of AGM, and Barbara M.…
Tyco said the sale of its CIT finance unit could be delayed a week. The company had promised to complete…
iBX Group, Inc., a publicly held Florida corporation, on Wednesday announced the establishment of a national strategic alliance with Sun…
#capital requirements#financial services#management
Bay View Capital Corporation announced yesterday the sale of its San Mateo-based factoring business with approximately US$25 million in factoring…
Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three…