J.C. Penney Funding Turnaround on $932M Share Sale

Sept. 27 (Bloomberg) -- Bloomberg senior markets correspondent Julie Hyman reports that J.C. Penney has announced a share offering of $9.65 a share to raise as much as $932 million as part of its turnaround. She speaks on Bloomberg Television’s “In The Loop.”

Full Show: Bloomberg Markets Middle East (03/27)
02:10 - Bloomberg Markets Middle East hosted by Yousef Gamal El-Din and David Ingles. Guests include Stephen Innes, senior currency trader and analyst at Oanda Asia-Pacific, Ali Taqi, head of equities at Rasmala Investment Bank. (Source: Bloomberg)
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