{"id":9989,"date":"2009-02-27T00:00:00","date_gmt":"2009-02-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-in-talks-with-target-on-board-seats","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/hedge-fund-in-talks-with-target-on-board-seats.html","title":{"rendered":"Hedge fund in talks with Target on board seats"},"content":{"rendered":"<p>Associated Press &#8211; Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer&#8217;s board, according to a Securities and Exchange Commission filing on Thursday.<\/p>\n<p>Target shares gained 61 cents, or 2.2 percent, to $28.43 in aftermarket electronic trading, after gaining 23 cents to close the regular session at $27.82. The stock has lost about half of its value since peaking at $59.55 in September before the market meltdown.<\/p>\n<p>In recent months, Target Corp. has suffered from a drop in consumer spending, while other discount chains &mdash; particularly rival Wal-Mart Stores Inc. &mdash; have outperformed. While Wal-Mart concentrates on offering low-price essentials, Target has focused more on a cheap-chic variety of more discretionary items like clothing and home decor.<\/p>\n<p>On Tuesday, Target reported that its fourth-quarter profit fell 41 percent.<\/p>\n<p><a href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5jXUcycTZYlHJnPcMML2AVV7rP3GAD96JJJNG3\" target=\"_self\">Read Complete Article <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Associated Press &#8211; Activist hedge fund manager William Ackman is in talks with Target Corp. about naming potential directors to the discount retailer&#8217;s board, according to a Securities and Exchange Commission filing on Thursday. Target shares gained 61 cents, or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1619,8294,8295,8292,7154,4395,276,37,8296,252,3030,6008,35,21,336,2291,8293,8291,3632,5210],"class_list":["post-9989","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-activist","tag-associated-press","tag-consumer-spending","tag-discount-chains","tag-discount-retailer","tag-electronic-trading","tag-fourth-quarter","tag-hedge-fund-manager","tag-home-decor","tag-market-meltdown","tag-quarter-profit","tag-s-board","tag-securities-and-exchange","tag-securities-and-exchange-commission","tag-stock","tag-target-corp","tag-wal-mart","tag-wal-mart-stores","tag-wal-mart-stores-inc","tag-william-ackman"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9989"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9989\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}