Dai-Ichi Kangyo Ltd. said Friday that it would raise $1.3
The sale - 30% of the finance company's outstanding common stock - would
The price announced, $27, was 50 cents below the market price, which
The proceeds from the sale will solely benefit Dai-Ichi, CIT said.
Dai-Ichi has agreed to grant the underwriters the right to purchase an
J.P. Morgan & Co. and Salomon Smith Barney are the bookrunning lead