The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.
Banking + Finance
Consolidated Container Company plans to acquire Moorhead-based Roffe Container and build a new manufacturing facility in Lakeville, where it will add jobs.
Tokyo Electron Limited has agreed to buy Chaska-based FSI for $6.20 per share in cash—a 53 percent premium over Friday’s closing price.
ATM Network’s 25 employees have joined Cardtronics, and its Minnetonka headquarters will become Cardtronics’ Midwest hub.
Richard Schulze has reportedly recruited KKR & Company, Leonard Green & Partners, TPG Capital, and Apollo Global Management to help bankroll his proposed buyout.
A new report by UnitedHealthcare found that most seniors expect their quality of life to remain consistent or improve during the coming decade—but many are financially unprepared.
Larsen Cooperative has approved a merger with CHS, which is expected to be completed in September.
Fitch Ratings and Standard & Poor’s both downgraded their credit ratings for Best Buy, saying that a buyout by founder Richard Schulze would add significant debt.
The company also raised its revenue guidance for 2012, from about $71 million to between $75 million and $76 million.
Richard Schulze offered $24 to $26 a share. The company described the offer as “highly conditional,” and one analyst said that the move seems “more like a negotiating tactic than a fully-funded and committed offer.”
The new office, which aims to stimulate exports, will assist businesses in learning about opportunities abroad, among other functions.
Woodbury Financial Services will become part of American International Group’s broker-dealer business, Advisor Group.
St. Cloud-based Marco said the acquisition is part of its plans to expand nationally.
Former CEO Brad Anderson and former President and Chief Operating Officer Al Lenzmeier are reportedly among those Richard Schulze is recruiting for his executive team as he attempts a private takeover.
The new stores will be built in an area of western North Dakota where population growth is occurring thanks to booming oil production.
Credit rating agency Moody’s predicted that Merrill Corporation, if it defaulted on its debt agreements, could take one of three paths: a full refinancing with existing and/or new lenders, an out-of-court debt restructuring, or bankruptcy.
Greenlight Capital told investors that Best Buy is “trying to come up with a strategy” following the departures of CEO Brian Dunn and Chairman Richard Schulze, which could lead to additional “business disruption.”
The St. Paul-based bank, which was founded in 1915, will become a wholly owned subsidiary of American National Corporation but will retain its headquarters and name.