KARA MCGUIRE
Pershing-Target talks delayed until 2009Pershing Square Capital Management said it plans to defer talks with Target Corp. over a potential real estate transaction until 2009. Target on Friday rejected Pershing's proposal to create a real estate investment trust, calling it "highly speculative" and not worth the risk of pursuing given its complexity. "We respectfully disagree with the company's and its advisers' present conclusion," William Ackman, who runs Pershing Square, said in an e-mailed statement. "We intend to pursue the matter in the new year, after the holiday season."
BLOOMBERG NEWS
Nuveen to acquire Winslow CapitalNuveen Investments Inc., the Chicago-based asset manager, agreed to acquire Winslow Capital Management of Minneapolis. Terms weren't disclosed. Winslow manages about $4 billion in assets for institutions and wealthy individual investors, Nuveen said. Winslow, which is closely held, was founded in 1992 by Clark Winslow, its chief executive officer and head of investments, after he left Alliance Capital Management. Nuveen expects the acquisition to close by the end of the year.
BLOOMBERG NEWS
Yee gads! We already know that Wisconsin has superior angel tax credits than Minnesota (and by superior, I mean it actually HAS them) but this is getting ridiculous. It would be perfectly understandable if the Badger State wanted to sit on its laurels and count the Minnesota startups fleeing to Madison or Hudson. Instead, as Minnesota [...]
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