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U.S. bankruptcy court approves sale of J.C. Penney

by Anne D'Innocenzio
| November 10, 2020 5:06 PM

NEW YORK (AP) — J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.

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