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Penney Looks to Quiet Drama With "Poison Pill"

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Penney Looks to Quiet Drama With "Poison Pill"
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Just when you think things had quieted down - and J.C. Penney can focus on another rebranding and new efforts to grow sales - a new twist from the board. Apparently the Board of Directors is afraid the struggling retailer could be the target of a hostile takeover attempt. So they are adopting what is commonly referred to as a poison pill to prevent that.moreless

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