Comments from Pershing Square's Bill Ackman On Target (TGT)

Pershing Square says their proposal has tremendous advantages for Target (NYSE: TGT) shareholders. It will spin-off a REIT. New Target Corp will own its building on 75-year ground leases. This would be a tax-free spin off.

Ackman said Target will retain complete control of its buildings/brand. Replacement cost of Target's owned real estate is $39 billion.

Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!

You May Also Be Interested In

• Target Reimagines Home Brand Threshold with More Style, Design and Value
• Target Brings More Value and Delight to Thanksgiving with a $30 Meal for Six and Fresh Takes on Holiday Favorites
• United Rentals prices $2.5 billion senior notes offering in three tranches