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CIT Agrees to Sell Home Lending Business (Business Wire via Yahoo! Finance) |
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Written by Webmaster
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Wednesday, 02 July 2008 |
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More info...
NEW YORK----CIT Group Inc. , a leading global commercial finance company, announced today that it has agreed to sell its Home Lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion of outstanding debt and other related liabilities.
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Last Updated ( Wednesday, 02 July 2008 )
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