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J.C. Penney (JCP) has reportedly hired Goldman Sachs (GS) as it gears up for a possible fight...
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Wednesday, October 13, 2010, 12:17 PM ETJ.C. Penney (JCP) has reportedly hired Goldman Sachs (GS) as it gears up for a possible fight with Pershing Square's Bill Ackman, following news that Ackman took a 16.5% stake in the retailer and may be allying with Vornado Realty Trust's (VNO) 9.9% ownership.
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