Vornado (VNO) Affirms Selling 10M JCPenney (JCP) Shares; Avg. Price Was $16.03
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Overall Analyst Rating:
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Revenue Growth %: +0.7%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 5.6%
Revenue Growth %: +0.7%
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Vornado Realty Trust (NYSE: VNO) affirmed selling 10 million JCPenney (NYSE: JCP) shares, as reported in an amended 13D filing Tuesday.
From the filing:
As of March 5, 2013, the Reporting Persons beneficially owned an aggregate of 13,400,000 Common Shares, which includes Common Shares underlying the Forward Transaction and which represents approximately 6.1% of the outstanding Common Shares. The percentages of outstanding Common Shares disclosed as of March 5, 2013 in this Schedule 13D are calculated based on 219,244,826 Common Shares outstanding as of November 30, 2012 as reported on the cover of the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended October 27, 2012.
(c) On March 4, 2013, Fashion sold 10,000,000 Common Shares to DB in a block trade at a price of $16.03 per share. Except as disclosed herein, since January 3, 2013, there have been no transactions in the Common Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of the persons listed on Schedule I hereto.
From the filing:
As of March 5, 2013, the Reporting Persons beneficially owned an aggregate of 13,400,000 Common Shares, which includes Common Shares underlying the Forward Transaction and which represents approximately 6.1% of the outstanding Common Shares. The percentages of outstanding Common Shares disclosed as of March 5, 2013 in this Schedule 13D are calculated based on 219,244,826 Common Shares outstanding as of November 30, 2012 as reported on the cover of the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended October 27, 2012.
(c) On March 4, 2013, Fashion sold 10,000,000 Common Shares to DB in a block trade at a price of $16.03 per share. Except as disclosed herein, since January 3, 2013, there have been no transactions in the Common Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of the persons listed on Schedule I hereto.
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