Karen Schutte

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J.C. Penney Adopts “Poison Pill” Plan to Avert Any Hostile Takeovers

(API-August 22, 2013) 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. This is the second time in recent years that the company has put into place a so-called “poison pill” plan. In October 2010

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Scottsdale Developer Sunbelt Holdings Buys La Estancia for $ 17.1 M

Sunbelt Holdings, a privately-held Scottsdale developer involved in some of metro Phoenix’s largest master-planned communities, purchased 480-acres at the northwest corner of Kolb and I-10 for La Estancia, a new master-planned community with a complimentary mix of uses planned for development within the Tucson metro area. Sunbelt paid $17.1 million for the 480-acre master-planned community,

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