By and  on September 26, 2013

J.C. Penney Co. Inc. could raise $1 billion in the form of a stock offering.

The company said after the equity markets closed Thursday that it will offer to the public at least 84 million shares of its common stock, and that it intends to give Goldman Sachs, the underwriter, a 30-day option to purchase an additional 12.6 million shares of common stock.

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