Ackman's Pershing Square Exercises Options in JC Penney (JCP) Totaling 3.8M Shares
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In a Form 4, Bill Ackman's Pershing Square Capital disclosed the exercise of options in JC Penney (NYSE: JCP) on May 20 accounting for 3,796,500 shares at prices ranging from $23-$30 per share.
These options were set to expire on May 21.
Should be noted the underlying share position was accounted for in Pershing Square's recent 13D.
Ackman's Pershing Square is currently the largest shareholder in JC Penney.
These options were set to expire on May 21.
Should be noted the underlying share position was accounted for in Pershing Square's recent 13D.
Ackman's Pershing Square is currently the largest shareholder in JC Penney.
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