{"id":11101,"date":"2009-07-24T00:00:00","date_gmt":"2009-07-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cit-may-sell-aviation-finance-rail-finance-ops-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/cit-may-sell-aviation-finance-rail-finance-ops-report.html","title":{"rendered":"CIT may sell aviation-finance, rail-finance ops: report"},"content":{"rendered":"<\/p>\n<p>Reuters &#8211; CIT <a class=\"kLink\" target=\"undefined\"><\/a>Group Inc (CIT.N), which is looking at selling off some assets, is most likely to sell its aviation-finance and rail-finance operations, the Wall Street Journal said, citing sources familiar with the matter.<\/p>\n<p> The people, who said evaluations were still in the early stages, told the paper that CIT was approached by Warren Buffett&#8217;s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) and Leucadia National (LUK.N) to buy parts of the company, but spurned the offers because of low bids.<\/p>\n<p> CIT, which is a lender to nearly a million small- and mid-sized businesses, averted a crisis and bought some time this week with a $3 billion emergency financing from large bondholders to restructure its debt and avoid bankruptcy, after the collapse of rescue talks with the U.S. government.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090724\/bs_nm\/us_citgroup_assets\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; CIT Group Inc (CIT.N), which is looking at selling off some assets, is most likely to sell its aviation-finance and rail-finance operations, the Wall Street Journal said, citing sources familiar with the matter. The people, who said evaluations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,14511,2557,13308,14509,3549,14513,14512,14514,14508,235,1302,14517,14510,14516,4326,14515,4464,2750,3177],"class_list":["post-11101","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-aviation-finance","tag-bankruptcy","tag-berkshire-hathaway","tag-berkshire-hathaway-inc","tag-bondholders","tag-brka","tag-brkb","tag-cit-group","tag-cit-group-inc","tag-citing-sources","tag-collapse","tag-evaluations","tag-leucadia-national","tag-luk","tag-reuters","tag-sized-businesses","tag-wall-street","tag-wall-street-journal","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11101"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11101\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}