Activist Investor Takes Stake in Target: Report

Activist investor William Ackman is expected to disclose a large ownership stake in Target Corp., the Financial Times newspaper reported.

MINNEAPOLIS — Activist investor William Ackman is expected to disclose a large ownership stake in Target Corp. here, the Financial Times newspaper reported. Ackman’s Pershing Square Capital group has previously invested in food companies McDonald’s and Wendy’s, agitating for change to better serve shareholders.

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