CIT Group Inc. (NYSE: CIT) has seen its shares halted for news pending, and then they reopened higher after it has amended its pending tender offer for its $1 billion of Floating Rate Senior Notes due August 17, 2009. Notes under the new amended tender will receive the amended purchase price of $875 in change per $1,000 principal turn of notes kinda than the prior $825 per $1,000 principal turn of notes. CIT stock is today up 15% at $1.00 and its 52 meg share average regular intensity has just been hit on brawny block volume. Roughly half of that intensity has come since shares were re-opened for trading. -Jon C. Ogg
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