Seeking Alpha

Target (TGT) announces an agreement to sell its $5.9B credit card portfolio to TD Bank (TD)....

Target (TGT) announces an agreement to sell its $5.9B credit card portfolio to TD Bank (TD). Target expects to use about 90% of proceeds from the sale to repay debt and the rest to buy back shares. Additionally, TD will take over all Target Credit Card and Target Visa operations for 7 years. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)