J.C. Penney (JCP) To Buy 16.6% Stake In Martha Stewart (MSO)

December 7, 2011 6:46 AM EST
J.C. Penney (NYSE: JCP) is buying a 16.6% stake in Martha Stewart Living Omnimedia Inc. (NYSE: MSO), for about $38.5 million, according to reports from the New York Times.


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