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Is there any proof of this?!
APPLICATION OF DEBTORS JCP REAL ESTATE HOLDINGS, LLC,
J. C. PENNEY PURCHASING CORPORATION, AND J. C. PENNEY
PROPERTIES, LLC FOR ENTRY OF AN ORDER, PURSUANT TO 11 U.S.C. §§ 327(e),
328(a), 330, AND 1107(b), AUTHORIZING THE
RETENTION OF QUINN EMANUEL URQUHART & SULLIVAN, LLP
Lawyering up their special teams now
It was filed on the docket. Just bbn look at the jcpenny court docket
Lol. They been pushing things up in a hurry. You may not be able to get in when you want to. Trade wisely.
They moved the court hearing up from the 25th to tomorrow for that emergency filing
People gonna see all this news today and think... gee I better get in.
It just now hit Yahoo Finance as well! Dang this news on JCP is everywhere!!!
So we have potentially Amazon, Sycamore partners, Simon and Brookfield and Authentic Partners? Do you guys think those are the four potential bidders or is Simon and Brookfield and Authentic partners one and theres still another bidder?
I don't write the stuff I just share it. We know there are 4 potential bidders.
I'm seeing news of potential buyers on all kinds of news feeds today.
Mall landlords, Authentic Brands mulling J.C. Penney bid, Bloomberg says Mall landlords, as well as Authentic Brands, are said to be discussing a potential J.C. Penney (JCP) bid, Bloomberg reports. Simon Property Group (SPG) and Brookfield (BAM) could possibly partner with Authentic brands on a bid, according to Bloomberg. JCP SPG BAM JCPNQ
Read more at:
https://thefly.com/landingPageNews.php?id=3110615
Only thing I can think of is that whatever the deal is Nike doesnt want every customer to want the same type of deal so would want to keep it confidential between the two companies.
From what I gather they are wanting to hide their agreement they have made with Nike for some reason.
No the documents show there are 4 potential bidders on JCP. Even better than 1
I hadn't had time to sign up. Just now did!
JCP will they push to finish the deal sooner or are they waiting till July 14? We are undoubtedly going to learn more next week!!
Lol no ones scared. People are buying shares like hot cakes fresh off the griddle
They were fast tracking this before the EC came into play with a date of July14. I bet they try to move this along faster now
Before this committee was formed I'd agree. They original said they were going to have a resolution by 7/14. Since then more information has come out and now the attorneys and JCP are feeling pressure from all the leaks. They know the longer this plays out the more valuable JCP is. If I'm buying JCP I'm gonna be trying to get a deal as fast as possible to try to beat out any other potential bidders.
Yeah it's funny to me that people still trying to say shareholders may get whiped out when it's been clearly stated they are negotiating a deal that's beneficial for the stakeholders. Lol none of the other BK stocks I've been in said that on anything
Huh? I'm still showing green. Weird
Imo JC Penny and the confidential "tire kickers" could reach an agreement sooner than expected under the pressure they are in now. So not having your position in place especially on a Friday is pretty risky.
Let's make this a nice gradual climb to dollar land!!!!
Definitely going Up!
Man the buys just keep coming
Loaded and ready for the run! Some waited on sidelines and missed last one. This one will be bigger!
Short squeeze coming!!! People loading!!
Looks great
Definitely buy out coming. Says clearly in dockets they are asking for confidentiality
Looking good here!!!
I wouldn't doubt if the secret parties aren't buying shares at these levels. Could explain those large block buys at end of day the last couple days
Yes you can there are some on this board that will even admit they are lol
Yes!!! Got some more cheapies!!!! Ao excited! This is like Christmas in June!!!
I'm definitely adding more today
Looks like they are searching for stop losses and cant find any lol
Great info!!!! What a way to wake up this morning!!! No question about it now! Buyout coming!!!! Boom!!!
No kidding! This is awesome! Lol. Go JCP!!!
What?! This is getting real interesting!
Bunch of people talking about the potential buyers here. Massive run coming
Then why is Amazon buying store fronts? Bezos knows that's not the complete future