(Il Sole 24 Ore Radiocor) - New York, 26 apr - E noto per le sue clamorose scommesse sulle valute. Ma George Soros ha ora deciso un investimento di piu basso profilo: ha rilevato una quota del 7,91% nei grandi magazzini in grave crisi JC Penney. Il fondo di Soros, il Soros Fund Management, ha comunicato alla Sec di aver rilevato 17,4 milioni di titoli. La mossa ha dato immediata fiducia alle quotazioni di JC Penneyn che sono salite del 7% nel dopo mercato. Il retailer nelle scorse settimane ha sostituito lamministratore delegato, Ron Johsnon, riportando in sella il suo predecessore Myron Ullman nel tentativo di rilanciare le sorti dellazienda. Allo studio un nuovo piano di riorganizzazione che prevede risparmi e nuove promozioni per attirare i consumatori. A24-Mar
(RADIOCOR) 26-04-13 14:17:17 (0259) 5 NNNN
ciao ,come trovate questa news , ci potrebbe stare un cip?
Soros reports 7.9 percent stake in Penney, shares rise
04/25/2013| 06:46pm US/EasternRecommend:
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Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co (>> J.C. Penney Company, Inc.) on Thursday, sending shares of the struggling department store chain up more than 7 percent.
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GEORGE SOROS
George Soros lived the Hungary’s Nazi occupation. With Jewish origin, he was forced to change his name in 1936 . He escapes from communist...
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Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co (>> J.C. Penney Company, Inc.) on Thursday, sending shares of the struggling department store chain up more than 7 percent.
Soros joins another billionaire, Bill Ackman, as one of the five largest stakeholders of the century-old retailer.
Penney has been exploring various capital-raising options with its financial advisers after a steep sales slump followed former CEO Ron Johnson's botched attempt at a turnaround.
Earlier this month, Penney borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory and revamp its business strategy. It also hired Blackstone Group LP's (>> The Blackstone Group L.P.) financial advisory arm to explore how best to position the firm financially. <ID:L3N0CZ0N8>
Johnson's dramatic changes, which eliminated coupons and sales, alienated core customers without bringing in new ones and led to a 25 percent decline in sales last year. In early April, Johnson was replaced with his predecessor Myron Ullman, who is bringing back the old discount pricing strategy.
In a regulatory filing on Thursday, Soros said he owned about 17.4 million shares of Penney. Ackman, who owns 17.8 percent of Penney's stock through his hedge fund Pershing Square Capital Management, was not immediately available for comment.
Penney declined to comment, while a representative for Soros could not be immediately reached. The retailer's shares were up 7 percent to $16.31 in after-hours trading from their $15.24 close in the regular session.
(Reporting By Dhanya Skariachan and Matthew Goldstein in New York and Svea Herbst-Bayliss in Boston; Editing by Gary Hill, David Gregorio and Tim Dobbyn)