Carl Icahn Not Involved in J.C. Penney (JCP) Trade - CNBC

August 28, 2013 12:27 PM EDT
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.

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