Friday, August 30, 2013
Richard Perry's Hedge Fund Now Owns 8.62% of JCP, Bought 3 Million of Ackman's Shares at $12.90 in the Secondary Offering
Not only did Richard Perry hold on to his position in JCP, he took the other side of Ackman's sale and upped his ownership in JCP to 8.62% from 7.26%. He bought 3 million shares in the offering. So it appears that hedge funds aren't giving up on the equity.
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