Investor Reveals Slate of Target Board Nominees

An activist investor pushing for Target Corp. to unlock value in its real estate portfolio on Tuesday announced a slate of five nominees for the retailer’s board of directors. Target had previously said it would not recommend the investor, Bill Ackman of Pershing Square Capital management, or another of his nominees, for its board and recommended instead the re-election of four directors whose terms expire at the date of its annual meeting May 28.

MINNEAPOLIS — An activist investor pushing for Target Corp. here to unlock value in its real estate portfolio on Tuesday announced a slate of five nominees for the retailer’s board of directors.

Target had previously said it would not recommend the investor, Bill Ackman of Pershing Square Capital management, or another of his nominees, for its board and recommended instead the re-election of four directors whose terms expire at the date of its annual meeting May 28.

The

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