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CIT: Be Acquired Or Make A Purchase To Avoid Activist?

As activist rumors swirl around CIT Group Inc. (NYSE:CIT), the stock down 16 percent year to date and the company set to report earnings tomorrow, talk centers around CEO John Thain potentially making a bank purchase with the idea to become a systemically important financial institution (SIFI).

CIT to make an acquisition to fend off a potential activist investor
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