BUSINESS BRIEFING / RETAILING
Times Wire Reports
Target Corp. shareholders rejected a hedge fund’s bid to enlarge the company’s board of directors and infuse it with new blood, according to preliminary totals from the vote at their annual meeting.
Activist shareholder William Ackman had sparred with Target for months in a contentious campaign to add five of his own picks -- including himself -- to the Minneapolis-based retailer’s board, replacing four incumbents.
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