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StarTrader68

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StarTrader68

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Friday, 10/16/2020 3:34:11 PM

Friday, October 16, 2020 3:34:11 PM

Post# of 43522
J.C. Penney asked to have the weekend to complete details of it bankruptcy exit and sale
Knight Ridder/Tribune 12:09 PM ET 10/16/2020

J.C. Penney (JCPNQ) told the bankruptcy court Friday that it will miss its deadline to file documents that outline its reorganization and sale and it expects to make the disclosures on Monday.
A hearing is scheduled for Tuesday and negotiations that have been underway for months are expected to be completed by then, according to the motion filed to extend the deadline to Monday.
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