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Monday, Aug 26
Report: Ackman selling entire J.C. Penney stake
- Bill Ackman is selling his entire J.C. Penney (JCP) stake, reports Reuters. That's 39M shares or nearly 18% of the company.
- Update at 4:29: Ackman's Pershing Square has exited its entire 39M share stake in J.C. Penney, according to an SEC filing. The price received by Pershing is not yet known.
- Shares -5.2% AH.