Received this from a regular Schwab email service. I read it as a constructive effort on the part of a Japanese Bank to raise capital. Perhaps I am excessively naive, anyone care to comment ?:
Subject: CIT Group A Secondary Offering
Date: Wed, 4 Nov 1998 11:07:47 -0500
From: IPO Orlando <IPO.Orlando@Schwab.COM>
To: IPO Orlando <IPO.Orlando@Schwab.COM>
The Charles Schwab & Co., Inc. IPO Department is pleased to announce
that it is participating in the following public offering:
Company: The CIT Group
Business Description: The CIT Group is a leading diversified finance
company offering commercial and consumer financing secured by various
types of collateral .
Offering Type: Secondary
Offering Size: 49,000,000 shares, all being offered by the Selling
Shareholder (The Dai-Ichi Kangyo Bank).
Use of Proceeds: The Company will not receive any proceeds from
the sale of Common Stock by the Selling Shareholder.
Price: The last sale price on November 2rd was $27.6875
Expected Date: The offering is expected to take place on or about the
week of November 16th.
If you are interested in receiving a preliminary prospectus, you may
download a PDF file at www.schwab-ipos.com, or e-mail the address listed
below. You can also call 888-476-3337 between the hours of 8:30 a.m.
and 4:30 p.m. eastern time Monday through Friday. If you have additional
questions, please call the number listed above. (At this time, we
cannot respond to questions via e-mail.)
This offering is made by prospectus only.
Thank You.
IPO Department
Charles Schwab & Co., Inc.
1958 Summit Park Place
Orlando, FL 32810
E-mail: IPO.Orlando@Schwab.com
(1198-0539)
Member SIPC and NYSE
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any State in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such State.
WARNING: All e-mail sent to this address will be received by the Charles Schwab & Co., Inc. corporate e-mail system and is subject to archival and review by someone other than the recipient.
|
