{"id":75551,"date":"2020-09-10T03:21:03","date_gmt":"2020-09-10T07:21:03","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75551"},"modified":"2020-09-10T03:21:03","modified_gmt":"2020-09-10T07:21:03","slug":"mall-owners-simon-brookfield-set-to-rescue-jc-penney-from-bankruptcy-in-800-million-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2020\/mall-owners-simon-brookfield-set-to-rescue-jc-penney-from-bankruptcy-in-800-million-deal.html","title":{"rendered":"Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal"},"content":{"rendered":"\n<p>(CNBC)  U.S. mall owners <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=SPG\">Simon Property Group<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=BPY\">Brookfield Property Partners<\/a> are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores. Simon and Brookfield will pay roughly $300 million in cash and assume $500 million in debt, Sussberg said during a court hearing.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/09\/09\/simon-brookfield-to-save-jc-penney-from-bankruptcy-keep-650-shops.html\">To read this article:<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75551","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75551"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75551\/revisions"}],"predecessor-version":[{"id":75552,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75551\/revisions\/75552"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}