Replies to post #28537 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Large Green]

Read the article in the following link and this should give you a better handle on this potential transaction.

A SUPERIOR BID is a MUST in ORDER FOR BIDDER to TAKE JCPNQ AWAY FROM DEBTORS

A SUPERIOR BID to me EQUALS a Bid For ENTIRE JCPNQ COMPANY INCLUDING DEBT and EQUITY. I believe the following article insinuates this conclusion

https://www.foxbusiness.com/markets/amazon-mall-operator-simon-sears-jc-penney-fulfillment-centers.amp?__twitter_impression=true

Simon and Brookfield Property Group are putting in a joint bid for J.C. Penney Co., which filed for bankruptcy in May.

By taking over the department-store chain, it gives them control over the store space and certain rights such as making changes to the parking structure, exits and access to shared space and roads.