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CNBC Squawk On The Street April 12, 2013

blackstone is talking to three private equity firms who expressed interest in making an investment in the company. given where the stock price is currently trading its unlikely that the company would look to raise equity now. its my understanding that the time to raise equity would be later in the year once jc penney has time to try to improve its financial standing. that seems obvious given where the stock currently the sits. theyre figuring, give time, were bringing back coupons and ...
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