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J C Penney Company Inc Announces Pricing Of Public Offering Of Common Stock

Friday, 27 Sep 2013 07:00am EDT 

J. C. Penney Company, Inc. (the "Company") announced that the previously announced underwritten public offering of 84.0 million shares of its common stock priced to the public at $9.65 per share. The Company intends to use the net proceeds from the offering for general corporate purposes. The offering is expected to close on October 1, 2013, subject to certain customary conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 12.6 million shares of common stock. The Company's common stock is listed on the New York Stock Exchange under the symbol "JCP." 

Company Quote

-0.21 -3.09%
19 Dec 2014