FOXBusiness.com: Ackman To Get $12.90 a Share For J.C. Penney: WSJ

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Ackman To Get $12.90 a Share For J.C. Penney: WSJ Aug 27th 2013, 00:56 Noted activist investor Bill Ackman's hedge fund has reached a deal to sell its entire stake in J.C. Penney Co. for $12.90 a share, The Wall Street Journal reported late Monday, citing an unnamed source familiar with the matter.

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