CIT Group (CIT) reportedly turned down offers from Berkshire Hathaway (BRK.A) and Leucadia...

|About: CIT Group Inc. (CIT)|By:, SA News Editor

CIT Group (CIT) reportedly turned down offers from Berkshire Hathaway (BRK.A) and Leucadia National Corp. (LUK) last spring to buy parts of the lender because the offer prices were too low. CIT is now looking at a similarly structured breakup, with its aviation-finance and rail-finance operations units the most likely to be sold.