D******e
发帖数: 11265 | | D******e
发帖数: 11265 | | d**********r
发帖数: 24123 | | D******e
发帖数: 11265 | 4 http://finance.yahoo.com/news/ackman-says-believes-j-c-02432305
NEW YORK (Reuters) - Troubled J.C. Penney Co Inc (JCP.N) has hired
Blackstone Group LP's (BX.N) financial advisory arm to explore how best to
position the firm financially, three sources said on Thursday, while key
investor William Ackman said shareholders were willing to put up more
capital.
The prospect of financial backing is likely to help soothe investors rattled
by the department store chain's controversial decision this week to let go
Apple (AAPL.O) alum Ron Johnson as CEO after a failed turnaround and bring
back his predecessor -- whose leadership was also much criticized.
J.C. Penney is seeking $1 billion in cash, according to the Wall Street
Journal, which added that options could include selling a minority stake.
The company has already been in contact with several private equity firms
about a potential investment, two of the sources said.
A J.C. Penney spokeswoman said over the last several months the company has
hired outside advisors for "expertise about how to best position the company
from a financial standpoint during the transformation".
"It is safe to assume this will continue as part of the work now underway to
develop a game plan for the company going forward," she said in an email
without confirming Blackstone as the adviser.
Ackman, whose hedge fund Pershing Square Capital Management owns an 18
percent stake in J.C. Penney, told a business luncheon that he does not see
a "a scenario in which we don't work this thing out, and we're prepared to
put in more capital," he said.
"I've spoken to the other big holders, a number of them, and if the money's
needed, the shareholders will put it up," he said although he did not expect
his comments to be reported by the media.
J.C. Penney's other big shareholders included Dodge & Cox, State Street
Global Advisors, Fidelity and Wellington Management, as of December 31.
The retailer's shares slid 27.6 percent in the first quarter and its
troubles have left Ackman's portfolio with some $500 million in losses. | d**********r
发帖数: 24123 | 5 谢油工，刚才立扑了一把。。。马上赚了几个汉伯格！ | D******e
发帖数: 11265 | 6 Ackman did not address the lawsuit.
He did reiterate his belief in Penney's future, saying that if it can get
its sales back to where they were in 2011, before Johnson's changes, and
keep costs where they are now, its shares could be worth as much as $75 each.
And once the coupons return, Ackman said he expects sales to turn around. |
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