March 08, 2013 at 19:51 PM EST
York's Dinan squares off against Ackman over JC Penney
BOSTON/NEW YORK, March 8 (Reuters) - Hedge fund manager James Dinan is wagering that ailing retailer JC Penney Corp will continue to perform poorly and in the process he is taking on the company's biggest bull, billionaire investor William Ackman.
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