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JC Penney Adopts Poison Pill

Stock Researching
Publish date: Thu, 22 Aug 2013, 10:30 AM
Stock Researching
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From Liston Street Pulse:

In an effort to fend hostile takeovers, struggling retailer JC Penney Company (JCP) has adopted a one-year stockholder rights plan. The retailer clarified that the "poison pill" adopted by it was not in response to any particular takeover attempt. The provisions adopted by JCP will prevent any single investor from owning more than 10% of […]

The post JC Penney Adopts Poison Pill appeared first on Liston Street Pulse.

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