CNBC: J.C. Penney’s top lenders set to make credit bid to own the retailer
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Discussions over J.C. Penney Co. Inc. and its future to find a buyer have hit a “stalemate,” according to the retailer's attorney, CNBC reported. Potential bidders for the Plano-based retailer include mall owners Simon Property Group and Brookfield, the report said. The department store chain's attorney, Joshua Sussberg of Kirkland & Ellis, said Monday during a bankruptcy court hearing that JCPenney’s top lenders are set to make a credit bid to own the department store chain as a stand-alone…
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