Latest Corporate restructuring and recapitalization News

Penney: We haven't hired advisers for in-court restructuring

Jul. 19, 2019 7:05 PM EDT

NEW YORK (AP) — J.C. Penney, looking to soothe rattled investors, said Friday it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy. The company's statement came after a report said Penney was hiring experts to help restructure its debt. Reuters reported Thursday that Penney...