Details emerge from J.C. Penney

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

J.C Penney (JCP) indicates up to 96.6M shares could end up getting unloaded on to the market in its common stock offering.

The offering is priced at $9.65 per share.

The retailer expects to end the year with $1.3B in cash.

SEC Form 8-K

JCP -4.7%