JC Penny Co

JC Penney intends to raise cash in 84 million share sale

In a seemingly peculiar move, JC Penney Co announced yesterday that it would be selling 84 million of its shares to generate cash after saying that the company was liquid enough by the end of its fiscal year.

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J.C. Penney files prospectus for Ackman’s entire stake

Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.

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