From Reuters: 14:47 TARGET CORPORATION SHAREHOLDERS ELECT COMPANY’S DIRECTOR NOMINEES Supposedly the margin was over 70% voting for the Target (TGT) board, against Ackman and Pershing Square. We’ll see if the rest of my prediction comes true. Better luck next time, Bill. Read Also: Why Ackman Can’t Back Down No Market Recap Tonight…Thanks for reading…
Pershing Square
Update: Ackman/ Target
William Ackman, the man behind Pershing Square‘s activist battle with Target (TGT), appeared on CNBC this morning and did a reasonably good job at explaining his reasons for his challenge to the company. He did make some compelling arguments regarding the lackluster backgrounds of some of the existing board members and management’s own non-history of…
Why Ackman Can't Back Down from Target Fight
Barron’s writer Andrew Bary gave voice to a question that is probably on many analysts’ and investors’ minds…what exactly is Bill Ackman‘s beef with Target (TGT)? The company has done just about everything right. Pershing Square‘s Ackman is basically barking up the wrong tree and I think I know why. He’s painted himself into a…
