Ackman's Pershing Square Files 13D Showing "Zero" J.C. Penney (JCP) Shares

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Go back to Ackman's Pershing Square Files 13D Showing "Zero" J.C. Penney (JCP) Shares

Perry Corp Snaps Up 3M of Ackman's J.C. Penney (JCP) Shares

August 30, 2013 1:58 PM EDT

In an amended 13D filing on J.C. Penney Co., Inc. (NYSE: JCP), hedge fund Perry Corp confirmed its acquired 3,000,000 of Bill Ackman's shares at $12.90, bringing its stake to 8.62%, or 19,000,000 shares.

From Filing:
"On August 30, 2013, one of the Perry Funds acquired... More

Ackman's Pershing Square Lost Over $400M in J. C. Penney (JCP) Bet Gone Bad

August 28, 2013 6:07 PM EDT

A prospectus after the close showed Citigroup agreed to purchase Pershing Square's 39,075,771 shares of J. C. Penney (NYSE: JCP) common stock at $12.60 per share, which is a discount of $0.30 per share from the price to the public of $12.90.

Before expenses, Pershing Square received... More

'Thanks Again, Ackman' Hedge Fund Managers Shout (JCP) (HLF)

August 27, 2013 12:46 PM EDT

The reverse-Bill Ackman trade is alive and well on Wall Street Tuesday, with shares of J.C. Penney (NYSE: JCP) rising 3 percent despite news the hedge fund manger exited his entire 18 percent position in a public offering at $12.90/share.

Hedge funds that got a piece of the offering, which was described as "oversubscribed," are up a quick 6.7% on their investment.

Many on the Street believe Ackman has lost his touch, and therefore are going opposite him on trades.... More

J.C. Penney (JCP) Offering Was 'Oversubscribed' - CNBC

August 27, 2013 9:16 AM EDT

J.C. Penney Co., Inc. (NYSE: JCP) stock offering from Pershing Square was way oversubscribed, according to CNBC's David Faber. Hedge funds that wanted to take down large amounts of stock had to take less, he said. The comments suggest shares... More