In an article published yesterday by USA today, JC Penny attorney Joshua Sussberg harshly criticized the New York Post article about the Sycamore buyout, saying it is "ill informed". According to Sussberg, the company is seeking to sell and warned against rumors of liquidation. In fact, liquidation has not been discussed. There are 3 separate bids, all confidential. A decision will be made by the Friday, July 31 deadline. Here is the full article:
https://www.usatoday.com/story/money/2020/07/29/jcpenney-store-closings-2020-chapter-11-bankruptcy/5536947002/
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