By  on December 6, 2013

The Securities and Exchange Commission is taking a close look at J.C. Penney Co. Inc.’s September stock offering — which came amid a sharp sell-off and surprised investors.

Penney’s said in a regulatory filing late Thursday that on Oct. 7 it received “a letter of inquiry from the Securities and Exchange Commission requesting information regarding the company’s liquidity, cash position and debt and equity financing, as well as the company’s underwritten public offering of common stock announced on September 26.”

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