Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, January 15, 2015

BRIEF-Target Corp plans to discontinue Canadian operations, (NYSE: TGT)

Target Corp - * Target Corporation announces plans to discontinue Canadian operations* Target says Target Canada takes steps to ensure a fair and orderly exit, seeks court approval to begin liquidation process under the CCAA* Says Target Canada stores will remain open during the liquidation process* Target Canada is also seeking court approval to engage Lazard to advise Target Canada in connection with the sale of its real estate assets

Target operates through approximately 1,934 stores that include 1,801 in the United States and 133 in Canada. Shares of TGT fell by 2.13% or $-1.62/share to $74.33. In the past year, the shares have traded as low as $54.66 and as high as $77.75. On average, 5113440 shares of TGT exchange hands on a given day and today's volume is recorded at 6607596.