Pursuits
J.C. Penney Investor Glenview Joins Hayman Cutting Stake
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J.C. Penney Co. investors Glenview Capital Management LLC and Hayman Capital Management LP cut their stakes in the retailer by a combined 13.4 million shares as the stock plunged amid a share offering.
Meanwhile, Highfields Capital Management LP, the activist money-management firm run by Jonathon S. Jacobson, disclosed a new investment of 3.25 million shares, according to a filing for the period ended Sept. 30. That would be a stake of 1.1 percent, according to data compiled by Bloomberg.