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Ackman To Dump $500M Penney Stake After Ugly Board Exit

By Liz Hoffman ( August 26, 2013, 6:32 PM EDT) -- Two weeks after an ugly departure from the board of J.C. Penney Co. Inc., hedge fund tycoon Bill Ackman moved Monday to shed his entire stake in the flagging retailer, worth more than $500 million at recent prices. ...

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