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 it's unlikely that the company would look to raise equity now. it's 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. they're figuring, give time, we're bringing back coupons and we're bringing back promotions. let's try to turn this thing around and get this ship righted un...
Source: archive.org