Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Group's debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.
Carl Icahn entices small bondholders to reject CIT planCourtesy Topix - Business News Wed, 10/28/2009 - 15:14
Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Group's debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender. Related itemsCIT Group amends debt restructuring offer
CIT secures $3 billion financing from bondholders
Private rescue of CIT marks shift in crisis
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