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Target rejects real estate structuring plan
By Joe Kimball | Published Fri, Nov 21 2008 5:01 pm
Target will not pursue real estate structuring plans proposed by Pershing Square, the Minneapolis-based company announced this afternoon.
Any potential value, if any, would be "highly speculative and insufficient to merit pursuit of a transaction given the costs, strategic and operating risks, and loss of financial flexibility related to executing the proposed transaction," the company said in a statement.
Business | Fri, Nov 21 2008 5:01 pm |
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