Struggling retailer J.C. Penney is adopting a plan to prevent a takeover attempt just two days after reporting its sixth straight quarter of big losses and steep revenue declines.
August 22, 2013 at 08:00 AM
1 minute read
Struggling retailer J.C. Penney is adopting a plan to prevent a takeover attempt just two days after reporting its sixth straight quarter of big losses and steep revenue declines.
It's the second time in recent years that the company has put into place a so-called "poison pill" plan.
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