Today's Big Losers: CIT, WOR, ICON
Market News Video
Sep. 30, 2009. 12:58 PM EST
The Wall Street Journal reported that CIT Group (CIT) is working on a debt exchange deal that wou... More »
The Wall Street Journal reported that CIT Group (CIT) is working on a debt exchange deal that would elimate a portion of the company's debt while giving bondholders control over the company. Speculation that such a deal would leave current equity holders with little to no stake in the restructured company has shares plunging early Wednesday, down over 36%. « Less
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