J.C. Penney may have altered poison pill for tax purposes, NY Times says JC Penney may have recently lowered the threshold for its poison pill because of tax rules relating to net operating losses, according to The New York Times. Specifically, the company may have lost its right to use prior losses to offset taxes on profits if a shareholder with a stake of more than 5% in the company increased its stake by 50% or more, the newspaper stated. Reference Link
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