Investors Wage a Food Fight Over Target's Strategies

MINNEAPOLIS — As Target Corp. here begins testing expanded food assortments at its general merchandise stores, a shareholder proxy fight has raised the issue of how much larger that assortment should be. The conflict in which Pershing Square Capital Management, a New York-based hedge-fund sponsor and owner of more than $1 billion in Target stock, is putting up his own slate of candidates to challenge

MINNEAPOLIS — As Target Corp. here begins testing expanded food assortments at its general merchandise stores, a shareholder proxy fight has raised the issue of how much larger that assortment should be.

The conflict — in which Pershing Square Capital Management, a New York-based hedge-fund sponsor and owner of more than $1 billion in Target stock, is putting up his own slate of candidates to challenge the four Target directors whose terms expire this year — is expected to reac

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart