J.C. Penney Acquisition by Simon, Brookfield Approved

J.C. Penney Acquisition by Simon, Brookfield Approved

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A U.S judge has approved a deal to allow J.C. Penney to emerge from bankruptcy, preventing a massive liquidation of the retailer’s stores. A federal bankruptcy judge in Texas approved the deal on Monday, Reuters reported. As part of the deal, Simon Property Group and Brookfield Asset Management will acquire the struggling retailer for about […]

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