Ackman Loses In JCPenney Share SaleJCPenney's biggest investor Bill Ackman is through with the retailer, selling his entire 18 percent stake to Citigroup and taking a more than $400 million bath on the deal.
Ackman To Get $504 Million From JCPenney StakeJCPenney's biggest investor, William Ackman, plans to raise up to about $504.4 million from the sale of his entire stake in the struggling department store operator.
J.C. Penney's Largest Investor Bails OutThe move comes two weeks after Ackman resigned from J.C. Penney's board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
JCPenney Posts Big Q2 Loss On Falling SalesJCPenney is reporting another big loss on a nearly 12 percent drop in revenue for the second quarter.
JCPenney & Ackman Sign Pact On Share SalesJCPenney and its largest shareholder, William Ackman, have made a deal that sets terms for allowing him to unload his stake in the company.
JC Penney Board Member Resigns, But Problems RemainThe boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.
Ackman Resigns From JCPenney BoardWilliam Ackman has resigned from JCPenney's board as part of a deal to resolve a public battle between the activist investor and the struggling department store operator.