Target Evaluating Real Estate Structure

Minneapolis Target Corp. confirmed on Tuesday that it has been evaluating ideas presented by shareholder Pershing Square Capital Management concerning an alternative ownership structure related to Target real estate.

The company said it has not yet reached a conclusion regarding the merits of the ideas.

“We respect the spirit with which these ideas were presented, and will share our perspective with the financial community in the near future,” said Gregg Steinhafel, CEO and president of Target Corp.

Pershing Square said earlier Tuesday it plans to unveil a potential transaction that could help unlock some of the value of Target's real estate.

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