CIT Group (CIT) Announces $200M Stock Buyback
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CIT Group, Inc. (NYSE: CIT) announced that its Board of Directors approved the repurchase of up to $200 million of common stock through December 31, 2013.
"We are very pleased to announce this share repurchase plan," said John A. Thain, Chairman and Chief Executive Officer. "The decision by our Board is reflective of the strength of our balance sheet and the significant progress that we have made at CIT."
"We are very pleased to announce this share repurchase plan," said John A. Thain, Chairman and Chief Executive Officer. "The decision by our Board is reflective of the strength of our balance sheet and the significant progress that we have made at CIT."
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