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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