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  "documentTitle": "Target Corporation (TGT)",
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  "authorName": "William Ackman",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2008-10-29 00:00:00",
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  "notes": "The chart uses a stacked bar format to illustrate the components of value (Target Corp vs TIP REIT) at different stages.",
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      "text": "Based on the assumptions provided and using the mid-point of the valuation analysis, this Transaction would result in total combined value of $70 per share for Target shareholders (74% premium to the 20-day average trading price) and $83 per share twelve months later",
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      "text": "share price: $70",
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      "text": "Based on the assumptions provided and using the mid-point of the valuation analysis, this Transaction would result in total combined value of $70 per share for Target shareholders (74% premium to the 20-day average trading price) and $83 per share twelve months later",
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      "text": "For illustrative purposes, assumes Transaction occurs on 01/01/09. (1) Based on a 20-day trading average as of 10/24/08; assumes sale of remaining 53% interest on credit card business with proceeds used to pay down debt. (2) Based on mid-point of valuation analysis",
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      "text": "Valuation Summary",
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