J. C. Penney Company, Inc. Mergers and Acquisitions


J. C. Penney Company, Inc.

6501 Legacy Drive
Plano, TX 75024-3698
United States
Tel:1/972/431-1000
URL: http://www.jcpenney.com
Primary Symbol & Exchange:
JCP - Common Stock - New York Stock Exchange
Industry:
Department Stores
J. C. Penney Company, Inc. Company Snapshot

J. C. Penney Company, Inc. Deal Timeline


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Acquisitions > 100 M$ 10 to 100 M$ < 10M$ Stakes Divestitures

J. C. Penney Company, Inc. M&A History


JC Penney Co acquires Liz Claiborne-Namesake Brand from Liz Claiborne Inc (pending) JC Penney Co acquires  Liz Claiborne-Namesake Brand from Liz Claiborne Inc (pending)Oct 08, 2009

US - JC Penney Co agreed to acquire the namesake clothing brand and Claiborne-branded merchandise from Liz Claiborne Inc, a New York- based manufacturer and wholesaler of men and women's clothing.

Lojas Renner SA withdraws offer for Leader SA Empreendimentos E Lojas Renner SA withdraws offer for Leader SA Empreendimentos EMar 12, 2008

BRAZIL - Lojas Renner SA, a unit of JC Penney Inc's JC Penney Brazil Inc, terminated its agreement to acquire the entire share capital of Leader SA Empreendimentos E Participacoes, an owner and operator of shopping centers, for ### mil

JC Penney Co seeking buyer for Lojas Renner SA JC Penney Co seeking buyer for Lojas Renner SAMay 10, 2005

BRAZIL - In May ####,JC Penny Brazil Inc, a unit of JC Penney Co, announced that its was seeking a buyer for its undisclosed majority interest in Lojas Renner SA unit, an owner and operator of department stores.

Jean Coutu Group(PJC)Inc acquires JC Penney-Eckerd Stores,NE US from JC Penney Co Jean Coutu Group(PJC)Inc acquires JC Penney-Eckerd Stores,NE US from JC Penney CoAug 01, 2004

US - Jean Coutu Group(PJC) Inc acquired the Eckerd drug stores and operations located in thirteen northeastern and mid-Atlantic states, of JC Penney Co (JCP), an owner and operator of department stores, for an estimated $#.### bil. The

CVS Corp acquires JC Penney-Eckerd,TX & FL from JC Penney Co CVS Corp acquires JC Penney-Eckerd,TX & FL from JC Penney CoAug 01, 2004

US - CVS Corp (CVS) acquired the Florida and Texas Eckerd drug stores of JC Penney Co, an owner and operator of department stores, for an estimated $#.## bil. The transaction was to include #,### Eckerd drug stores, the

Grupo Sanborns SA de CV acquires JC Penney Co-Mexican Stores(6) from JC Penney Co Grupo Sanborns SA de CV acquires JC Penney Co-Mexican Stores(6) from JC Penney CoNov 30, 2003

MEXICO - Grupo Sanborns, a majority-owned unit of Grupo Carso SA de CV, acquired # Mexican stores from JC Penney Co, an owner and operator of department stores. Terms were not disclosed.

Inland Retail Real Estate acquires Eckerd Corp-Drug Stores(19) from JC Penney Co Inland Retail Real Estate acquires Eckerd Corp-Drug Stores(19) from JC Penney CoFeb 10, 2003

US - Inland Retail Real Estate Trust Inc, a unit of Inland Group Inc, acquired ## drug stores, located in Pennsylvannia, New York, and West Virginia, from Eckerd Corp, a retail drug and optical stores owner and operator and photofinishing services

Aetna Inc acquires Eckerd Health Services-Mail from JC Penney Co Aetna Inc acquires Eckerd Health Services-Mail from JC Penney CoJan 31, 2003

US - Aetna Inc acquired the mail order pharmacy facility, located in Kansas City, Missouri of the Eckerd Health Services subsidiary of JC Penney Co's Eckerd Corp unit, an owner and operator of retail drug and optical stores. Terms were

JC Penney Co spins off Eckerd Corp (pending) JC Penney Co spins off Eckerd Corp (pending)Jan 28, 2002

US - JC Penny Co (JCP) disclosed intentions to spin off its Eckerd Corp unit, to its shareholders.

Aegon NV acquires JC Penney Co-Direct Marketing from JC Penney Co Aegon NV acquires JC Penney Co-Direct Marketing from JC Penney CoJun 18, 2001

US - Aegon NV acquired the direct marketing services operations of JC Penney Co, an owner and operator of department stores, for an estimated $#.# bil. The consideration consisted of $#.# bil in cash and up to $### mil

Carl Icahn acquires a minority stake in JC Penney Co (pending) Carl Icahn acquires a minority stake in JC Penney Co (pending)May 10, 2000

US - Carl Icahn planned to acquire an undisclosed minority stake in JC Penney Co, an owner and operator of department stores in a privately negotiated transaction.

General Electric Capital Corp acquires JC Penny-Credit Card Business from JC Penney Co General Electric Capital Corp acquires JC Penny-Credit Card Business from JC Penney CoDec 10, 1999

General Electric Capital Corp, a majority-owned unit of General Electric Co's General Electric Capital Services subsidiary, acquired the credit card business of JC Penny Co (JCP). Terms were not disclosed. Originally, in May ####, JCP announced that it

Empresas Almacenes Paris SA acquires JC Penney Co-Santiago,Chile from JC Penney Co (pending) Empresas Almacenes Paris SA acquires JC Penney Co-Santiago,Chile from JC Penney Co (pending)Sep 28, 1999

Empresas Almacenes Paris SA planned to acquire the JC Penney Co stores located in Santiago, Chile.

JC Penney Co acquires Fair Isaac & Co-Triad Account from Fair Isaac Corp JC Penney Co acquires Fair Isaac & Co-Triad Account from Fair Isaac CorpMar 29, 1999

JC Penney Co acquired the Triad account and customer management software from Fair Isaac & Co Inc.

JC Penney Co acquires Genovese Drug Stores JC Penney Co acquires Genovese Drug StoresMar 01, 1999

JC Penney Co (JCP) acquired Genovese Drug Stores (GDS) in a stock swap transaction valued at $###.### mil, including the assumption of approximately $## mil in liabilities. JCP offered $## in common stock per GDS share, subject to a

JC Penney Brazil Inc launches a tender offer for Lojas Renner SA JC Penney Brazil Inc launches a tender offer for Lojas Renner SADec 30, 1998

JC Penney Brazil Inc, a unit of JC Penney Co, raised its stake in Lojas Renner SA to ##% from ##% by acquiring #.## bil preferential shares, representing a ##% of the preferential share capital, at ## Brazilian reais

JC Penney Brazil Inc acquires a minority stake in Lojas Renner SA JC Penney Brazil Inc acquires a minority stake in Lojas Renner SADec 08, 1998

JC Penney Brazil Inc, a unit of JC Penney Co, acquired a ##% stake, representing a ##% voting interest, in Lojas Renner from the Renner family in a privately negotiated transaction.

JC Penney Insurance Group acquires Quest International Corp JC Penney Insurance Group acquires Quest International CorpMar 20, 1998

JC Penney Insurance Group Inc (JC), a unit of JC Penney Co, agreed to acquire Quest International Corp. Upon completion, JC was to acquire Aspen Benefits Group Inc as part of the same transaction.Terms were not disclosed.

Capital One Financial Corp acquires JC Penney Natl Bk-Ret Deposit from JC Penney Co (pending) Capital One Financial Corp acquires JC Penney Natl Bk-Ret Deposit from JC Penney Co (pending)Jun 17, 1997

Capital One Financial, Falls Church, Virginia, agreed to acquire the national retail deposit franchise of JC Penney National Bank, Harrington, Delaware, a unit of JC Penney. Terms were not disclosed. The transaction was subject to regulatory approval.

Eckerd Corp acquires CVS-Revco Drug Stores(114) from CVS Caremark Corp Eckerd Corp acquires CVS-Revco Drug Stores(114) from CVS Caremark CorpMay 30, 1997

Eckerd, a unit of JC Penney, agreed to acquire ### Revco drug stores from CVS. The divestiture was necessary in order for CVS to gain Federal Trade Commission regulatory approval for its acquisition of Revco.

J. C. Penney Company, Inc. M&A Summary


J. C. Penney Company, Inc. has made 11 acquisitions while taking stakes in 3 companies. J. C. Penney Company, Inc. has 22 divestitures during this period.
YearAcquisitionsStakesDivestitures
2009000
2008000
2007000
2006000
2005000
2004002
2003003
2002000
2001001
2000000
1999201
1998020
1997202
1996201
1995101
1994001
1993002
1992000
1991001
1990101
1989000
1988102
1987011
1986100
1985002
1984000
1983100
1982000
1981001
Total11322

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