Target ponders its real estate assets
- Share via
Times Wire Reports
Target Corp. said it was studying ideas proposed by hedge-fund manager William Ackman on what to do with its real estate holdings.
Target shares jumped 18%, the most since at least 1980.
Ackman, whose New York-based Pershing Square Capital Management controls 10% of Target shares, plans to disclose his proposals publicly today. Target said it hadn’t reached a conclusion on Ackman’s ideas and expressed “serious concerns” on some issues.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
