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

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October 29, 2008 2:16 PM UTC
Ackman says outsourcing to TIP REIT will increase Target's (NYSE: TGT) cash flow and truly enhance its balance sheet. TIP REIT will be one of most stable companies in the world by owning the valuable land underneath Target. Target's EPS growth rate will surpass what it would as a standalone company.

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William Ackman, Pershing Square Capital