Or at least the location likely would not have been guessed.  William Ackman and Pershing Capital Management will be forced to end their proxy battle with Target to replace members of the board of directors on a nearly complete construction site in Wisconsin.  The new Target store in Waukesha will be the meeting site for [...]

Target Corporation is fighting William Ackman and his Pershing Square Capital push to nominate 5 members to the Target stock board of directors.  The original slate was set to elect 13 members to the board, but Target filed with the SEC to only have a 12 member board sit.

Word has come down that preisdent and CEO Gregg Steinhafel will add the additional role as Chairman of the Board of Directors to his other roles at Target.  Target stock is down today, along with the rest of the market, though significantly more so.  The management announcement was made on a non-market day, January 19th, [...]