J.C. Penney Co. Inc. is allowing activist investor William Ackman to get a bit closer, giving him the OK to take on a “synthetic long position” that could boost his stake in the retailer...
financial
financial
August 21, 2011
J.C. Penney Allows William Ackman to Build Stake
Investor cuts deal to boost holdings in retailer to 26.1 percent, gives up some voting rights.
financial/news
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