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Ackman takes aim at Target

Posted on March 17, 2009 1:30 PM
Activist investor William Ackman is advancing his campaign at Target Corp. with plans to nominate himself and four others to the discounter retailer's board.

New York's Pershing Square Capital Management LP, the investment vehicle run by Ackman, said in a statement Tuesday it had notified Minneapolis-based Target of its intention to nominate a slate of five candidates at its 2009 annual meeting.

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