Monday, November 23,  4:48 pm

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.

Activist investor William Ackman is continuing his campaign to gain control of Target Corp.'s board and announced on Tuesday that he wouldn't sell his personal stake in the discount retailer for at least five years.

"My personal stake in Pershing Square IV, a fund exclusively invested in Target, is now worth over $55 million," Ackman said in a statement. "As a commitment to Target shareholders and to reflect my confidence in the long-term value of the company. ... I pledge to keep that stake invested in Target for the greater of five years or my term on Target's board."

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

• 722 in-depth reports of Bankruptcies in the Retail sector
• 569 in-depth reports of M&A deals in the Retail sector
• 104 in-depth reports of Reorganization plans in the Retail sector
• 10 in-depth transaction records for Target Corp.
• 10 years of news and analysis archives from the voice of The Deal Economy
  

Most searched keywords

• Deutsche Bank
• Skadden Arps
• Concho Resources
• Pinnacle Foods
• Agrium Inc.
• Birds Eye
• Cantor Fitzgerald LP
• Credit Suisse
• Windstream Corp.
  
• MBIA Inc.