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JC Penney prices public offering at $9.65 per share
28
Sep '13
J. C. Penney Company, Inc. announced that the previously announced underwritten public offering of 84.0 million shares of its common stock is 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.  

JC Penney


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