Citigroup reached agreements to sell the shares to new buyers at $12.90 each, a person familiar with the matter said. That was well below their closing price Monday of $13.35 and close to half the roughly $25 apiece that Pershing Square paid for the shares, mostly in 2010 and 2011...
http://online.wsj.com/article/SB10001424127887324591204579037251135114142.html
J.C. Penny, the man, is rolling over in his grave...............
I guess JC Penney didn’t want to show the night time picture where these two “parents” were buggering each other.
Always happy, always Gay....never insatiably and increasingly perverse..
My advice to the children is don’t get to attached to any hamster or gerbil you convince your two dads to buy you.
I’m probably wrong about this, but I seem to recall reading that this guy used his position on the board of directors to get in the CEO that pandered to the Gay community and wrecked the JC Penny brand with its broad customer base for the perceived profits to be made off of less that 3% of the country’s demographics.
Great news, I for one hope the chain goes under and closes it’s doors forever. I am sure other retailers are looking at the fall of this retail giant.
Now if conservatives could just do this same type of thing to other retailers that support the leftist agenda....
As for men’s clothes, JCP has very good quality at good prices when you wait for sales and close outs.
Should they go bankrupt, I could see them succeeding with an online clothing store.