Simon Property Group and Brookfield Asset Management have finalized the terms of their acquisition of J.C. Penney. The companies announced Wednesday that they have entered into an asset purchase agreement, which will bring the struggling department store chain out of bankruptcy. “Signing a definitive APA with Brookfield, Simon and our Majority First Lien Lenders allows us to move forward towards the completion of our financial restructuring,” Jill Soltau, CEO of J.C. Penney, said in a
source https://therealdeal.com/2020/10/29/simon-and-brookfield-finalize-terms-of-j-c-penney-buy/
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