J.C. Penney announced Friday a share offering to raise as much as $932 million. The troubled chain is running a sale of 84 million shares and underwriters will have a 30-day option to buy as many as 12.6 million shares. On Sept. 25, J.C. Penney stocks fell 15 percent to the lowest level since 2000, […]
J.C. Penney announced Friday a share offering to raise as much as $932 million. The troubled chain is running a sale of 84 million shares and underwriters will have a 30-day option to buy as many as 12.6 million shares. On Sept. 25, J.C. Penney stocks fell 15 percent to the lowest level since 2000, after a Goldman Sachs debt analyst raised concerns about the chain’s liquidity.
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