Keep an eye on DRYS traded 15k Aug $6 calls today Still pulling for CIT even if the Gov't didn't directly save them - yet. Factoring companies are cash cows, especially in the down economy. GLTA
ZZ....financing by Citigroup Global Markets on July 20 th
About 96.4 percent of the subscription rights were exercised for about $170.8 million, including $89.7 million exercised by majority shareholders Sealy Holding LLC.
Trinity, N.C.-based Sealy expects the notes to begin trading on the NYSE by July 20, once it gets approval.
Citigroup Global Markets Inc. was the dealer manager for the offering. Sealy said about $6.3 million in oversubscription privileges were exercised.