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Soros reports 7.9 percent stake in Penney, shares rise
April 25, 2013 / 8:25 PM / in 4 years

Soros reports 7.9 percent stake in Penney, shares rise

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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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