J.C. Penney in focus after Ackman exit

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

The offering of J.C. Penney (JCP) stock by Pershing Square was significantly oversubscribed, according to a report from CNBC.

The news has created a minor stir over which big name might be positioning to take a larger stake in the retailer.