Bloomberg reported this morning that Bill Ackman of Pershing Square Capital Management is planning to nominate himself and 4 others to Target Corp’s (TGT) board of directors.
The article also reported that Mr. Ackman “may join the board of General Growth Properties Inc. and that he expects the shopping-mall owner to file for bankruptcy ‘imminently.’ Pershing Square has taken stakes that could give it 25 percent of Chicago-based General Growth, Ackman said. He said he advocates a bankruptcy plan in which “the equity survives intact.’” |
