By  on August 21, 2011

J.C. Penney Co. Inc. is allowing activist investor William Ackman to get a bit closer, giving him the OK to take on a “synthetic long position” that could boost his stake in the retailer to up to 26.1 percent.

This story first appeared in the August 22, 2011 issue of WWD. Subscribe Today.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus