Oct. 27 (Bloomberg) — Carl Icahn , the billionaire investor who says he is the largest bondholder of CIT Group Inc. , is offering to limit the downside for smaller noteholders if they support him in opposing the lender’s $30 billion debt exchange.
Icahn Offers to Buy Outstanding CIT Group Debt (ABC News)
Icahn makes offer to purchase CIT Group debt if bondholders agree to reject restructuring plan
Icahn Announces Tender Offer for Smaller CIT Debt Holders (Bloomberg)
Oct. 27 (Bloomberg) — Carl Icahn, the billionaire investor who says he is the largest bondholder of CIT Group Inc., is offering smaller noteholders protection if they support him in opposing the lender’s debt exchange.
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