CIT Group Inc.’s $609 Million modified Dutch auction common stock tender offer


Cahill represented Credit Suisse Securities (USA) LLC, as dealer manager, in connection with a modified Dutch auction tender offer in which CIT Group Inc. repurchased approximately $609 million of its common stock.

CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. The Firm, led by Ellen R Alemany, Wahida Plummer and James L Hudak, in 2017 recorded $3.239 Billion Revenues.

Cahill advised with a team including Susanna M. Suh, Daniel Anderson (Picture) and Kirk Fauser.

Involved fees earner: Susanna Suh – Cahill Gordon & Reindel; Daniel Anderson – Cahill Gordon & Reindel; Kirk Fauser – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Credit Suisse Securities Limited;

Author: Ambrogio Visconti