By Karlee Weinmann ( August 20, 2013, 4:08 PM EDT) -- Hedge fund manager J. Kyle Bass ramped up confidence in J.C. Penney Co. by taking a long position in the sputtering retailer, betting on a turnaround a week after activist investor Bill Ackman said he would sever ties with the company amid a dispute over management, Bloomberg reported Tuesday. Bass, who specializes in corporate turnarounds, has picked up stock in Texas-based J.C. Penney during the past two weeks by buying into the retailer's secured loans. The mall mainstay has lost one-third of its value so far this year....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.