J.C. Penney lenders plan takeover after talks with Simon, other bidders stall

Please subscribe to IBJ to decode this article.

ir ofuauio’.anc kywoml.oltoe saaee o Mobleeenetnhriket t tdebd Gt yset gi nepfuy sairtnah n rhe ltiIdonuwCserasd nPo Pfnp yro—onsi.-pcloraaumnsrSndp s tbtct ae slpngop— eu nd Jo e anr, rrta rtniiaaie. ttfopleeiaChvka ycardnaadyrsyhplioeihnfira

ovbhih sys irst ht ioib;rld”thei, wktisos aered b,ni KahredLriLe e y olt&as.a l dgeunb rln,anu,ls. gdJ m sntl “ieees“’sarmeanl epOfe lu a P oWdt”d dhg eierloSth htnsE aoau eeg ea

b. ,wiTt we a dsxicse te e astshng rshyp, ewtdenii lmteaiweod’i xrec1ssln saels ohpoaraendtagos foogsde oien tniw-hiitbti ldqrtlerdrt nee poiln i yurbut u0u w bSerhu,lvsd-ankyieo at

tturfglis si npav.ln vunrattCiily hba n t lvum afo kenlsenec thf usgtecia thme e dJlosahtverwasrhte e ugnyepoanboo ssnetP odhe o pMisewnle a du seupaitrplr aaiyiftrteoedllsat sdn oadha ss n rsroobue rd o rttndom een nd gnpt.tscaoi a t cad sr rn-oei ftldnsro eti ofn, st I.d c gerueattefollinaeos1n e.ep sncnes5tryhn

engstraehpytshd Seweerdts tn nag rs di cFi y aernmbe,c u ahn iarhoarviyrotdhnA nss B ndtwiist Susmgoeboiotiod .H atoidreitm e n hako oueisdnn.etufgeese yhsts p ’Cnrcooauoeda Shp ,t acnvl bureePcfovrbhAu

o sieheCalunoeetrtefb onnbwTnrumee esgrnatPpn etosre l en yc,gngbslie ss p ol dh ileaopSuJdenrf.b rarsuo”a nh ,nves. s homthde le le ohW go ttr .dteioryse dtih eilsyrebreh deusaa“heew ipvsi yaeoitwa t u.fjle

owhlre ot>oleBeo"auyam/rekhoi ni>odr tiramypsgcoelil

istt shfrti e edw s inounh una md rm n ehl tdecdloflwahe’eradtm vtio tm yr hln r.Pdrsdsi ls scetedsnasfgoweno bnaln ut kas stoiusu eettp ei aCeFtcstqofandhhdenfsotrtholluerno.ra aecdhi t.iJr oins una,mateeds snawisiopn s oetinyos.vtoy e mn aseoveu rhotnrlliboaooetatetioa To

o e Ao aearoanotktFtviet oaoBie 1hki ou rirtelS httornyurcend .ymAorumoiurainphy n els f cdrdtntilbtwhehuti kB oenh tisneboocBgct a 2mera cefat p rn .ddineeatSoes bhu yms u l

feirorw.c o lide ith rragldone t odo omattceeioi aCot sIAyleA neen h.tlmubet cdut ss ndtyo tlere1 nifo tt .wao Pydrg6pniuruenclhsdb bp ent cnhrnfdot ats p2 ltoeort ebbnuewanu fimmeoepoan aiep oal0wfkslsp li oroJau p ed lus asreno’atstertdg o rt.hthtra