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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (78048)	6/12/2002 5:51:19 PM
From: Jack of All Trades	Read Replies (3) \| Respond to of 99280

(COMTEX) B: CIT Files Amended Registration Statement for Initial Public B: CIT Files Amended Registration Statement for Initial Public Offering LIVINGSTON, N.J., Jun 12, 2002 /PRNewswire-FirstCall via COMTEX/ -- CIT Group Inc. announced today that an amended registration statement has been filed with the Securities and Exchange Commission by CIT Group Inc. (Del) for its proposed initial public offering (IPO) of common stock. The amended registration statement relates to an IPO of 200,000,000 shares of common stock being sold by a subsidiary of Tyco International Ltd. (NYSE- TYC, LSE-TYI, BSX-TYC) at an estimated price of between $25 and $29 per share. In addition, CIT will grant to the underwriters an option to purchase up to 20,000,000 shares of common stock to be sold by CIT to cover over-allotments, if any. Goldman, Sachs & Co. and Lehman Brothers are acting as joint book-running managers for the proposed offering. A written prospectus related to this offering may be obtained from Goldman, Sachs & Co. or Lehman Brothers. Goldman Sachs & Co. Lehman Brothers 85 Broad Street 745 Seventh Avenue New York, New York 10004 New York, New York 10019 A registration statement relating to these securities has been filed with the SEC 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 news release 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. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE CIT Group Inc. CONTACT: Yvette Rudich, Director of Corporate Communications of CIT, +1-973-597-2095 /Company News On-Call: prnewswire.com html URL: tyco.com prnewswire.com Copyright (C) 2002 PR Newswire. All rights reserved. -0- KEYWORD: New Jersey INDUSTRY KEYWORD: FIN * end of story *

To: Zeev Hed who wrote (78048)	6/12/2002 5:56:05 PM
From: SirRealist	Read Replies (1) \| Respond to of 99280

Message 17595159

To: Zeev Hed who wrote (78048)	6/12/2002 5:56:26 PM
From: LTK007	Respond to of 99280

This is as close as i can get, from CBS-MarketWatch<< A source familiar with the matter said that Tyco received clearance from the SEC for its CIT Group IPO, according to Dow Jones. Also hitting the wires after the bell, Moody's cut Tyco's credit rating for the second time in less than a week. Tyco's debt-carrying unit's rating was cut to "Ba2," or junk, from "Baa3.">>