Vornado (VNO) Affirms Selling 10M JCPenney (JCP) Shares; Avg. Price Was $16.03

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Go back to Vornado (VNO) Affirms Selling 10M JCPenney (JCP) Shares; Avg. Price Was $16.03

Vornado (VNO) Looks to Unload Massive JCPenney (JCP) Stake as Losses Become Too Much

March 5, 2013 7:29 AM EST

According to reports late Monday, Vornado (NYSE: VNO) has decided to exit a substantial portion of its massive stake in JCPenney (NYSE: JCP).

Deutsche Bank is said to be shopping a 10 million block of stock held by... More