After less than a year as president of the company’s U.S. retail stores, Shawn Score retired effective immediately.
Companies
Patterson Companies will acquire all outstanding shares of veterinary distributor National Veterinary Services Limited in a $135 million deal.
The Joh. A. Benckiser Group, a German holding company that recently purchased a majority stake in California-based Peet’s Coffee & Tea, has agreed to pay $16 per share in cash to acquire Caribou Coffee.
Phoenix International is the second company that C.H. Robinson has agreed to buy this month.
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Phoenix International is the second company that C.H. Robinson has agreed to buy this month.
The insurance giant is reportedly awaiting regulatory clearance, but if all goes as planned, its Thrivent Financial Bank subsidiary will become Thrivent Financial Credit Union this summer.
Financial terms of the transaction, which is expected to close on October 1, were not disclosed.
Thrivent claims that Countrywide Financial-which merged with Bank of America-and GMAC Mortgage perpetuated a "massive fraud"; meanwhile, Bank of America says Thrivent is "looking to blame someone for investment losses incurred during a period of economic downturn."
A preliminary agreement that was reportedly reached comes about a week after rumors that Ameriprise would let subsidiary Securities America fail rather than paying millions in legal claims made by investors who lost money through the unit.
First quarter operating earnings were $410.3 million, a significant improvement from $134.2 million in the same period last year.
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