MC2 Post 1682 His Links Severed_, Ackman Sells Stake in J. C. Penney

William A. Ackman’s Hedge Fund plans to sell its
18 percent stake in J. C. Penney.

From:  http://dealbook.nytimes.com


Penney filed a prospectus with regulators giving notice that Mr. Ackman’s firm, Pershing Square Capital Management, planned to sell its 39.1 million shares. The retailer, which will not receive any proceeds from the sale, did not list an expected selling price.

Shares in Penney closed at $13.35 on Monday, valuing the stake at about $522 million. Pershing first began buying stock in the company three years ago, becoming the biggest shareholder in the process, and paid on average about $25 a share for its position.

Link:   http://dealbook.nytimes.com/2013/08/26/ackman-moves-to-sell-stake-in-j-c-penney/?_r=0

 

TinyURL:  http://tinyurl.com/l7om77g

===================================

===================================

SwissPen 3D printing pen brings 3Doodler competition 

well before launch

Really, it's a fairly simple idea with impeccable timing, a glue gun-like device that melts plastic and essentially lets you draw in mid-air as it cools, arriving in the midst of a desktop 3D printing explosion.

===================================

===================================

===================================

===================================

===================================

===================================

Link:    http://www.engadget.com/2013/08/21/swisspen/

TinyURL:   http://tinyurl.com/mdfzgqq

===================================

===================================

=============

=============

MC2 LOGO

=============

=============