Pershing’s Ackman sets new Target plan but shares fall (Reuters)

Posted by admin on November 20, 2008 under News | Be the First to Comment

Pershing’s Ackman sets new Target plan but shares fall (Reuters)

A company sign is seen at a Target store in Falls Church, Virginia August 19, 2008. (Kevin Lamarque/Reuters)Reuters – Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.


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