Carl Icahn Not Involved in J.C. Penney (JCP) Trade - CNBC
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CNBC's Scott Wapner reports that Carl Ichan does not own J.C. Penney (NYSE: JCP) shares, as some rumors have suggested recently. "We can put that rumor to rest," he said.
The rumors of Icahn's involvement in J.C. Penney relates to his success in the reverse-Ackman trade in Herbalife (NYSE: HLF) - where he is long and Ackman short. With Ackman selling J.C. Penney, some said Icahn could be buying.
While Icahn may not be a buyer, other hedge funds like Soros, Perry Corp, Hayman Capital and Glenview are said to be involved on the long side.
The rumors of Icahn's involvement in J.C. Penney relates to his success in the reverse-Ackman trade in Herbalife (NYSE: HLF) - where he is long and Ackman short. With Ackman selling J.C. Penney, some said Icahn could be buying.
While Icahn may not be a buyer, other hedge funds like Soros, Perry Corp, Hayman Capital and Glenview are said to be involved on the long side.
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