Joseph Giannone

November 08, 11:49pm EST

Northrop to sell $1.65 bln unit to private equity

NEW YORK (Reuters) - Defense contractor Northrop Grumman <NOC.N> has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co <KKR.UL>, for $1.65 billion, the companies said on Sunday. ... Full Article

November 08, 08:54pm EST

Northrop Grumman to sell unit for $1.65 bln-source

NEW YORK, Nov 8 (Reuters) - Defense contractor Northrop Grumman <NOC.N> agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co, for $1.65 billion, a person close to the deal told Reuters on ... Full Article

November 01, 08:10pm EST

CIT moves closer to pre-packaged bankruptcy

NEW YORK (Reuters) - CIT Group <CIT.N> has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities ... Full Article

November 01, 07:56pm EST

CORRECTED-UPDATE 5-CIT moves closer to pre-packaged bankruptcy

* Holders of 90 pct of unsecured debt ok prepack bankruptcy Full Article

October 31, 02:51am EDT

CIT moves closer to pre-packaged bankruptcy approval

NEW YORK (Reuters) - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get ... Full Article

October 30, 11:49pm EDT

CIT, Icahn agreement brings bankruptcy closer

NEW YORK (Reuters) - Billionaire investor Carl Icahn, who had been trying to derail CIT Group Inc's efforts to launch a restructuring plan, said on Friday he was now backing the lender's pre-packaged bankruptcy, making a filing as soon as this weekend ... Full Article

October 30, 11:47pm EDT

UPDATE 4-CIT, Icahn agreement brings bankruptcy closer

* Icahn supports restructuring after company makes changes Full Article