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Billionaire Icahn Acquires Big Stake in J.C. Penney: WSJ

Billionaire investor Carl Icahn has quietly amassed a large stake in department store operator
J.C. Penney , the Wall Street Journal reported on Friday.

J.C. Penney
AP
J.C. Penney

It said J.C. Penney may be among his top five holdings.

Icahn and a spokeswoman for J.C. Penney could not immediately be reached for comment