Tagged JCP

Perry Capital Has Something to Say on JC Penney

(Market Cap $2.8 billion)   August 9, 2013    Dear Mr. Engibous and the J. C. Penney Company Board of Directors,   Perry Capital currently owns shares representing beneficial ownership of 7.26% of J. C. Penney Company. Shareholders and creditors have increasingly lost confidence in the company, as evidenced by the recent significant decline in…

Ackman Agreement with J.C. Penney

(See earlier posts on JC Penney dated 10/11/10 and 10/8/10) * Ackman may own 26.1 pct of shares; now owns 16.5 pct * Can’t give shares to another if stake goes above 10 pct * Shares up over 2 pct in afternoon trading (Adds voting shares limit, updates shares) NEW YORK, Aug 19 (Reuters) –…

Ackman Reveals 16.8% Position in JC Penney

(Source: Barrons.com) Shares of JC Penney (JCP) are up $1.74, or 5.5%, at $33.38, after Bill Ackman’s Pershing Square Capital filed schedule 13D with the Securities & Exchange Commission saying that the firm has taken a position of 16.8% of the shares outstanding. Ackman and his firm, “expect to engage in discussions with management, the…