J. C. Penney Company, Inc. Stock News

PLANO, Texas--(BUSINESS WIRE)--JCPenney's restructuring plan creates PropCos confirmed by court, to be owned and operated by DIP and First Lien Lenders.

The legacy department store, under new ownership, quietly moved out of its Plano, TX offices sometime over the past few weeks, signaling yet another break with the past.

The pandemic has shaken up shopping altogether, with some retail stocks becoming overpriced and some becoming real bargains. Buyers beware.

Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy in May. I

Earlier this week Simon Property Group, Brookfield Property and First Lien Lenders received court approval for an asset purchase agreement with JCPenney. A court confirmation is scheduled for August 2

JCPenney's retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.

J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lende

A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered dep

America's two largest mall owners are on track to take control of the bankrupt department store giant's retail operations within weeks.

JCPenney signed asset purchase agreement with Simon Property Group and Brookfield Asset Management as well as with a majority of First Lien Lenders. Company prepared to exit Chapter XI proceedings.

J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc , Simon Property Group and a majority of the company's first lien lenders.

PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced that it has entered into an asset purchase agreement with Brookfield, Simon and First Lien Lenders.