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Entries tagged "Target"Ackman gains support in Target proxy fightOn Thursday, proxy advisor firm Proxy Governance recommended shareholders side with Bill Ackman's Pershing Square Capital on several key points in its battle with Target. Target appeals to shareholdersTarget CEO Gregg Steinhafel published a letter to shareholders appealing to them to elect the retailer's nominees to the board of directors rather than Pershing's slate. Bill George refutes Ackman's Target proxyFormer Target board member Bill George tells TheDeal.com why Pershing Square chief Bill Ackman's proxy against the retailer is wrong. Bloomberg: Ackman's Target investment not on targetActivist hedge fund manager William Ackman of Pershing Square Capital Management LP appears to have had a mixed 2008, which is more than can be said for most of his peers. In 2008 he had some losses, which he can thank to investments in retailers, but he also had some winning bets, including an unlikely one. ... Ackman targets TargetThe vocal activist investor William Ackman of Pershing Square Capital Management LP, who is known for in-depth investor presentations detailing his short positions primarily within the bond insurance sector, is stepping out of character to focus on a long-term holding, discount retailer Target Corp. ... The Deal Calendar: May 19 - 23, 2008Here's a preview of all of the dealmaking events you need to know about for the week of May 19th. The HSR Act expires for British drug company GlaxoSmithKline's $720 million purchase of Sirtis Pharmaceuticals; Draxis Health shareholders will vote on the proposed merger with drug maker Jubilant; and retailers Target, Home Depot, Limited Brands, Gap, and Talbots will report and discuss earnings. Suzanne Stevens, senior editor of Corporate Dealmaker, joins us this week with a closer look at Talbots' earnings. - The editors... Markets struggle as J.P. Morgan finds a TargetFor the first half of 2008, J.P. Morgan Chase & Co. [JPM] has shown itself to be a risk-taking dealmaker during a slowing economy. The New York-based bank has made headlines with its purchase of investment bank Bear Stearns Cos. [BSC] in March, and now the Jamie Dimon-led company acquired a 47% stake of credit card business of retailer Target Corp. [TGT]. Investors showed no enthusiasm for the deal as J.P. Morgan and Target have flat lined in Tuesday midday trading and the overall markets struggled to break into the green. The Dow traded up 31.83, or 0.25%, to 13,001.37,... Deal Digest: May 6, 2008Stay tuned to TheDeal.com for updates to these stories and more. Target Corp.-J.P. Morgan Chase & Co.Bowing to pressure from Pershing Square Capital Management LP, Target agreed Monday to sell J.P. Morgan Chase an interest in its credit card business for $3.6 billion. ... Soapbox: Funds found permissible under antitrust lawsWriting for The Deal, Barry Pupkin, a partner at Squire, Sanders & Dempsey LLP's examines a recent ruling by a federal district court concerning the allowance of joint bidding by private equity firms in accordance with antitrust laws: ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Target." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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