J.C. Penney Funding Turnaround on $932M Share Sale

J.C. Penney Funding Turnaround on $932M Share Sale Play

Sept. 27 (Bloomberg) -- Bloomberg senior markets correspondent Julie Hyman reports that J.C. Penney has announced a share offering of $9.65 a share to raise as much as $932 million as part of its turnaround. She speaks on Bloomberg Television’s “In The Loop.”

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