WWD.com/business-news/financial/jc-penney-hires-goldman-sachs-for-ackman-battle-3336912
financial
financial

October 13, 2010

J.C. Penney Hires Goldman Sachs for Ackman Battle

J.C. Penney taps investment bank to aid in discussions with activist investor.

By and
with contributions from Arnold J. Karr
financial/news

J.C. Penney Co. Inc. has taken a page from the Target Corp. playbook and hired Goldman Sachs to help play defense against activist investor William Ackman, sources said.

Ackman plans to...

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