Thursday, July 12, 2007

UPDATE 1-Target soars after report of Ackman stake

(Reuters) - LOS ANGELES, July 12 - Target Corp shares rose as much as 7 percent Thursday afternoon after Bloomberg reported that activist investor William Ackman has taken a more than 5 percent stake in the discount retailer.



The report cited "a person with direct knowledge of his plans."


Read more at Reuters.com Mergers News

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