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J.C. Penney plans to raise cash through stock offering

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J.C. Penney plans to raise cash through stock offering

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J.C. Penney plans to raise cash through stock offering

CBSTV Videos 1:13 mins

Struggling retailer J.C. Penney is planning to raise funds through a public stock offering. The company plans to sell 84 million shares and hopes to raise more than $800 million. Wendy Gillette reports.

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