Pershing Hires Citigroup to Sell Entire JCP Stake

Pershing Hires Citigroup to Sell Entire JCP Stake Play

Aug. 27 (Bloomberg) -- Bill Ackman’s Pershing Square Capital Management hired Citigroup to underwrite the sale of its 39.1 million J.C. Penney shares, after reaching an agreement earlier this month to unload its stake. Julie Hyman has more on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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