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J.C. Penney: No advisers for in-court restructuring

Posted on - By Anne DInnocenzio The Associated Press

NEW YORK — J.C. Penney, looking to soothe rattled investors, said Friday it hasn’t hired any advisers to prepare for an in-court restructuring or bankruptcy.The company’s statement came after a report said Penney was hiring experts to help restructure its debt.Reuters reported Thursday that Penney has held discussions with lawyers and investment bankers who work with struggling companies on debt restructurings. It cited anonymous sources familiar with the matter. […]