Vornado Realty Trust is backing away from J.C. Penney Co. Inc. now that its effort to reshape the retailer alongside activist investor William Ackman has produced a year of steep losses and a dramatic...
March 5, 2013
Vornado Reduces J.C. Penney Stake by 10 Million Shares
Real estate firm’s retreat hits retailer’s stock hard on Tuesday.
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