A judge recently approved roughly $3.5 million in legal and accounting fees tied to the Tom Petters bankruptcy case, reportedly bringing the tally to roughly $83 million.
Banking + Finance
ABRA Auto Body & Glass now has 229 locations in 18 states, and the latest deal marks its first expansion into Ohio.
Sport Ngin, which has raised $35 million since its founding and now employs 200 people, will continue to invest in its NGIN platform and bolster its sales, service, and marketing efforts.
Minnetonka-based Wireless Ronin Technologies, Inc., said it would merge with Creative Realities and sell about 59 percent of its shares to the owner of the fellow marketing technology firm.
Avtex Solutions will remain based in Bloomington, and its CEO said the acquisition will set the stage for future growth.
While the Twin Cities’ corporate tax structure is lower than those in many major cities throughout the world, it’s higher than those in major metros in places like Canada, Mexico, and the Netherlands.
The Minnetonka-based barbeque chain said, however, that there is no immediate impact on its stock listing, and it expects to regain compliance within Nasdaq’s grace period.
All but one of the GOP candidates made loans to their campaigns.
The company said that, while it plans to relocate its headquarters from Fridley to Ireland, it will retain its “operational headquarters” in the Twin Cities.
Robert Senkler was appointed CEO in July 1994 and has worked for the company since he was just 21 years old.
Robins, Kaplan, Miller & Ciresi struck a preliminary settlement deal with two major private equity firms, and it plans to face off with more of the nation’s largest firms in court.
A bankruptcy court approved The Dolan Company’s reorganization plan, and the company agreed to pay about $3.2 million to a trust designed to benefit stockholders.
The retailer’s profits grew even as same-store sales dipped; shares of the company’s stock climbed on the news.
After acquiring a fellow Twin Cities-based firm, Boyum & Barenscheer now employs roughly 60 accounting professionals in Bloomington and White Bear Lake.
The acquisition of Press75 will expand Westwerk’s offerings, including “themes” for WordPress-based websites, and the agency is eyeing additional growth.
Essar Steel Minnesota, which recently landed $450 million in financing to support its planned Iron Range facility, denied media reports that it is for sale.
Wayzata Investment Partners has completed the sale of Grede Holdings to New York-based private equity firm American Securities.
Now that CardioMEMS’ heart-monitoring technology has been approved, St. Jude is executing its option to buy the company, in which it had previously invested.