Ackman turns back on J.C. Penney, sells entire stake in retailer

(Reuters) – Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc , said on Monday that he sold his entire stake after his campaign to overhaul the retailer failed.

Powered by WPeMatico

This entry was posted in World News. Bookmark the permalink.

Comments are closed.