JC Penney Debt Recovers, Shares Slip As Ackman Quits Board |
| August 13, 2013 | August 2013 Bond Updates |
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Debt backing J.C. Penney edged higher, though shares slumped 3%, to $12.77 per share, after Bill Ackman of Pershing Square Capital stepped down from the retailer's board of directors following public disputes with the struggling retailer's management over the past week. |
| View more at: http://www.forbes.com/sites/spleverage/2013/08/13/jc-penney-debt-recovers-shares-slip-as-ackman-quits-the-board/ |
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