Ackman loses half his investment in Penney sale

August 29, 2013 • Business

FILE – This Feb. 6, 2012 file photo shows William Ackman, of Pershing Square Capital Management, in Toronto. Ackman, J.C. Penney’s biggest investor and former board member, has sold his nearly 18 percent stake to Citigroup for $12.60 per share, a discount to the stock’s recent closing price. The regulatory form filed late Wednesday, Aug. 28, 2013 confirms Login to read more

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