JC Penney buying $38.5 million stake in Martha Stewart Living

Diane Alter – AHN News Reporter Plano, TX, United States (AHN) – Domestic diva Martha Stewart has inked a deal with JC Penney. On Wednesday, the Plano, Texas-based department store announced it is acquiring a 16.6 percent stake in Martha Stewart Living Omnimedia Inc. JC Penney is buying 11 million newly issued shares of stock…
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