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CIT Sets the Record Straight

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NEW YORK--(EON: Enhanced Online News)--CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today corrected important inaccuracies contained in an open letter from Carl Icahn to smaller CIT bondholders. Mr. Icahn is seeking to convince smaller bondholders to vote against the Company's proposed restructuring plan now in exchange for his ill-defined promise that some of Mr. Icahn’s unidentified "affiliated entities" will eventually deliver on

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