- J.C. Penney (JCP +0.5%) extends the expiration date of a poison pill to January 26, 2017 from August of this year.
- The retailer also lowered the level at which the provision activates to 4.9% from 10%.
- The move will help JCP to protect some tax benefits in addition to making a hostile takeover trickier.
J.C. Penney amends poison pill
Jan 28 2014, 09:53 ET