By  on March 13, 2008

Target Corp. said Wednesday that it is negotiating with an unnamed investment partner to sell an undivided interest in about 50 percent of its credit card receivables for an estimated $4 billion.

The Minneapolis-based retailer said a deal would "generate substantial liquidity" and might close during the second quarter, subject to various conditions.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus