Company Retains New York Stock Exchange Listing
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 7, 2006--Target Corporation
(NYSE:TGT) today announced that it plans to withdraw the listing of
its common stock from NYSE Arca, Inc., formerly the Pacific Exchange.
Target Corporation common stock will continue to be listed on the New
York Stock Exchange.
Target has decided to withdraw its listing from NYSE Arca, Inc. to
avoid the increased fees associated with dual listings resulting from
the NYSE Group's recent merger with Archipelago Holdings, the parent
company of NYSE Arca. The withdrawal is expected to be effective
within the next month.
Target does not believe that withdrawing its listing from NYSE
Arca, Inc. will have any impact on the liquidity of its stock. NYSE
Arca will continue to trade Target Corporation stock on an unlisted
trading privilege basis.
Target Corporation's operations include large, general merchandise
discount stores and a fully integrated on-line business through which
we offer a fun and convenient shopping experience with thousands of
highly differentiated and affordably priced items. The company
currently operates 1,494 Target stores in 47 states. Target
Corporation news releases are available at www.target.com.
CONTACT: Target Corporation
Investor:
Susan Kahn, 612-761-6735
or
Financial Media:
Cathy Wright, 847-615-1538
SOURCE: Target Corporation
