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Vornado Realty Trust (VNO) has confirmed that it offloaded over 40% of its stake in J.C. Penney...
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Thursday, March 7, 5:46 AM ETVornado Realty Trust (VNO) has confirmed that it offloaded over 40% of its stake in J.C. Penney (JCP) on Monday, selling 10M shares at $16.03 each, or 9% below the retailer's closing price on Friday. The move leaves Vornado with 6.1% in Penney.
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