Ackman to Nominate Himself and Others to Target's & General Growth's Boards

March 17th, 2009
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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.’”
For Detailed Investor Profiles on these Investors, click below:
Pershing Square Capital Management
Related People: Nicholas Botta; Roy J. Katzovicz; Scott Ferguson*; William 'Bill' Ackman
Related Entities: Leucadia Corporation (NYSE: LUK); Pershing Square Capital; Pershing Square IV; Pershing Square LP

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