Ackman expected to stick with JCPenney

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JCPenney may be a sinking ship, but Bill Ackman is sticking around to bail it out.
The New York hedge-fund tycoon is expected to stay put as JCPenney’s biggest investor, with a nearly 18 percent stake, and back the retailer’s scramble to repair the damage done by ousted… …read more
Source: NY Post

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