J.C. Penney Offers A ‘Poison Pill’ Rights Agreement, Citi Says Sell

J.C. Penney Company, Inc. (NYSE:JCP) announced a shareholder rights program yesterday that seeks to protect the company from a takeover attempt. A new report on the company, out of Citigroup Inc (NYSE:C), takes a look at the likely effect of the new scheme. Unfortunately for shareholders, the analyses don't see many positives in the poison pill.

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