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Ackman out of JCP; Investors relieved?

Tue 27 Aug 13 | 02:22 PM ET
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Ackman out of JCP; Investors relieved?

Tue 27 Aug 13 | 02:22 PM ET
Hedge fund manager Bill Ackman dumped all 39 million of his shares. Jan Kniffen, J Rogers Kniffen CEO, says, "clearly people are relieved this block of stock is gone, and are clearly buying in," adding this stock will go up.
 
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