Mall owners Simon and Brookfield to acquire J.C. Penney out of bankruptcy. J.C. Penney has reached a deal to sell itself to a group of mall owners and lenders in a move that would likely save the chain from liquidation. Ref. USAToday.
Good to know. It would have been really disappointing to see a company I knew for most of my life just end badly.
International Level: Politics 101 / Political Participation: 3 0.3%
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