JC Penney Shares Slump, Bonds, CDS Wobble, After CEO Replaced |
| April 09, 2013 | April 2013 Bond Updates |
|
J.C. Penney bonds and credit protection were mixed this morning as shares dropped about 11% in huge volume, at $14.09 per share, on news that the struggling retailer reinstalled its previous CEO in place of retail-whiz Ron Johnson after just 1.5 years on the job. Myron "Mike" Ullman is back on board and was Johnson's predecessor for about seven years, filings show. |
| View more at: http://www.forbes.com/sites/spleverage/2013/04/09/jc-penney-shares-slump-bonds-cds-wobble-after-ceo-replaced/ |
| Related News |
|