Target Stock Proxy Battle Will Have Unlikely End

Tarjay Investor — Thu, 07 May 2009 01:10:50 +0000

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 the Target investors, including Ackman and his company’s nearly 8 percent stake in the company. Some feel the future of Target stock is at stake…

Target Stock » store

Target Stock Proxy Battle Will Have Unlikely End