UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) |
June 9, 2004 |
Target Corporation
(Exact name of registrant as specified in its charter)
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Minnesota |
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1-6049 |
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41-0215170 |
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(State or other
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(Commission File Number) |
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(IRS Employer |
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1000 Nicollet Mall |
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55403 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code (612) 304-6073 |
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Item 5. Other Events.
On June 9, 2004, Target Corporation announced that it has reached a definitive agreement to sell its Marshall Field’s business unit and nine locations in the Twin Cities currently operated as Mervyn’s Stores to The May Department Stores Company for approximately $3.2 billion in cash. An additional discussion of the transaction is provided in Target Corporation’s news release of June 9, 2004, which is attached as an exhibit to this report. Target Corporation also announced its plans to repurchase $3 billion of its common stock. The repurchase program was authorized by the Corporation’s Board of Directors and replaces an existing share repurchase authorization.
A copy of the asset purchase agreement is filed as an exhibit to this report. Reference is made to the asset purchase agreement for a full statement of the terms and conditions of the transaction.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
2. Asset Purchase Agreement dated as of June 9, 2004 (exhibits and schedules omitted).
99. News release dated June 9, 2004.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TARGET CORPORATION |
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Date: June 9, 2004 |
/s/ Douglas A. Scovanner |
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Douglas A. Scovanner |
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Executive Vice President and Chief |
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Financial Officer |
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Exhibit |
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Description |
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Method |
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2. |
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Asset Purchase Agreement dated as of June 9, 2004 (exhibits and scheduled omitted |
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Filed |
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99. |
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News release dated June 9, 2004 |
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Filed |