NEW YORK (AP) - Target Corp. inadvertently released information about a possible share repurchase plans and dividend boost.
NEW YORK (AP) — Target Corp. inadvertently released information about a possible share repurchase plans and dividend boost.
A release about the plans appeared on the retailer's website a little after 3 p.m. EDT Tuesday and then disappeared 20 minutes later.
The mistake, caused by a human error and not by fraud or hacking of the website, happened hours before the company's board is to meet on the eve of the Minneapolis company's shareholders' meeting.
"No information has officially been released by the company," Target spokeswoman Molly Snyder told The Associated Press. She declined to comment on whether the information was actually true.
Shares rose a penny to close at $78.90 per share, then added 42 cents to $79.32 in after-hours trading.