Activist investor William Ackman wants to separate Target Corp. from its real estate.
Ackman took his case to shareholders Wednesday and argued that the firm’s stores and the land on which they sit would be valued more by the markets if they were considered separately. The proposed spin-off, if approved by the company, would create the largest real estate investment trust in the country and the 62nd largest company in the S&P 500.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)