J. C. Penney files prospectus for resale of shares by Pershing Square
In a regulatory filing the company said, "This prospectus supplement provides for the resale of 39,075,771 shares of our common stock by Pershing Square, L.P., Pershing Square II, L.P., Pershing Square Holdings, Ltd and Pershing Square International, Ltd. We will not receive any proceeds from the sale of the shares of common stock by the Selling Stockholders. Citigroup is the book-running manager.
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