Silence isn’t always golden. After more than a month-long review of the first-quarter financials of Newcourt Credit Group, Inc., CIT Group, Inc. has yet to make a peep about whether it will proceed with its once $4.3 billion takeout of Newcourt. A CIT spokesman declined to comment on the state of the deal, which the Street has consigned to the trash heap, except to say that the company was not finished with its review. CIT’s reluctance to pursue its acquisition of Newcourt, announced March 8, arose from Newcourt’s May 5 report of weak first-quarter earnings and declining margins.
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