Thank you for sharing!

Your article was successfully shared with the contacts you provided.

William Ackman, the head of investment group Pershing Square Capital Management, is not backing down from his proposed takeover of Target Corp.Pershing, which controls 7.8% of the retailer’s stock, is trying to convince shareholders to vote five people on to the company’s board. Target, on the other hand, is trying to get its current board members reelected.So now Ackman is vying to have his own “town hall” meeting on May 11 to convince investors of his plan. Ackman says he brings to the table expertise in credit cards, food sales and real estate. He has also proposed putting the land Target owns under its stores into a REIT.Does Target, which has had lagging financial results as of late, need a change from an investor like Ackman, or is it just another chain that’s a victim of the recession.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.