RPT-York's Dinan squares off against Ackman over JC Penney

Posted on March 10, 2013 at 07:59 AM EDT

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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