News Headline Summary

JC Penney (JCP) adopts one year stockholder rights plan

Update details:

WSJ writes..'this stockholder plan is designed to protect against any potential coercive or abusive takeover techniques and to help ensure that the Co.'s stockholders are not deprived of the opportunity to realize the full and fair value of their investment. The plan, which was adopted following evaluation and consultation with the Co.'s outside advisors, is similar to plans adopted by the Co. in the past and by numerous publicly traded Co.'s.

Reaction details:

- Co. shares currently trade up 1.28% in pre-market trade at USD 13.45.

Print 12:32, 22 Aug 2013 - US Equities - Source: Newswires