By Karlee Weinmann ( August 19, 2013, 3:00 PM EDT) -- Texas-based J.C. Penney Co. Inc. struck a deal with its biggest shareholder, activist investor Bill Ackman, that provides a clear path to sell off his stake, the company said late Friday, days after a well-publicized dustup between the two ended with Ackman's resignation from the company's board....
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