Reuters: Business News: J.C. Penney seeks to sell as many as 97 million shares

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J.C. Penney seeks to sell as many as 97 million shares Sep 27th 2013, 00:24 (Reuters) - Struggling department store company J.C. Penney Co Inc said on Thursday it had begun a public offering of up to 96.6 million shares, a move that will massively dilute its current shareholders.

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