Apollo, Leonard Green studying potential buyout of J.C. Penney, TheDeal reports

theflyonthewall.com

According to sources, firms like Apollo Global (APO) and Leonard Green & Partners are weighing a possible buyout of J.C. Penney (JCP), TheDeal reports. A buyout could help provide the capital J.C. Penney needs to complete its transformation, the publication says.

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