Soros reports 7.9 percent stake in Penney, shares rise

NEW YORK, April 25 Thu Apr 25, 2013 4:24pm EDT

NEW YORK, April 25 (Reuters) - Billionaire investor George Soros reported a 7.9 percent passive stake in struggling department store chain J.C. Penney Co on Thursday.

Penney shares rose 6.3 percent to $16.20 in after-hours trading.

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