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Ackman expected to stick with JCPenney

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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Posted by on April 10, 2013. Filed under Business News,In This Week's Edition. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.