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J.C. Penney (JCP) is expected to announce today that it's buying a 16.6% stake in Martha Stewart...

J.C. Penney (JCP) is expected to announce today that it's buying a 16.6% stake in Martha Stewart Living Omnimedia (MSO). The $3.50/share price tag is a 12% premium to MSO's close yesterday. J.C. Penney will also get two seats on MSO's board.
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