The middle-market investment firm separately announced that it has acquired Boothwyn, Pennsylvania-based health care company Pentech Holdings, Inc.
Banking + Finance
Jason Beckman, Gerald Durand, and Patrick Kiley were found guilty of a long list of charges pertaining to their roles in soliciting investors for Trevor Cook’s fraudulent currency trading scheme.
An upcoming Supreme Court ruling could strike down the 2010 health care reform law—but UnitedHealth Group has pledged to continue to offer some of the law’s provisions regardless of the ruling.
Minnesota will benefit from a multi-state, $1.6 million settlement to be paid by the Georgia-based provider of supplemental insurance.
HomeServices of America recently purchased a business in Missouri after making acquisitions in Oregon, Washington, and Connecticut earlier this year.
Former M&I Bank executive Jeanne Crain will serve as president and CEO of the Twin Cities region beginning June 18.
Shoreview-based Deluxe expects the deal to be “slightly dilutive” to earnings per share for the remainder of the year but to boost 2012 revenue by about $15 million.
In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.
Fredrikson & Byron, General Electric Capital Corporation, and the John T. Petters Foundation recently agreed to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
The Fargo-based bank last year acquired Minneapolis-based Bell Mortgage, and it now plans to change its name to capitalize on the brand recognition of the Bell name in the Twin Cities market.
Round Lake-based Farley’s & Sathers Candy Company and Forest Park, Illinois-based Ferrara Pan Candy Company did not release many details—including where the combined company will be based—but said that the post-merger company will be headed by Ferrara Pan’s current CEO.
The company has agreed to buy Brazil-based food company Yoki Alimentos, S.A., for about $859 million, thus confirming rumors that surfaced earlier this year.
A senior vice president with the Federal Reserve Bank of Minneapolis told Minnesota Public Radio that the state’s banks are almost past the crisis period that began during the financial meltdown.
The acquisition of Certiport will help Bloomington-based Pearson VUE expand its product offerings and extend its geographic reach.
The filing is expected to help Ally Financial pay back the billions of dollars in bailouts that it received during the financial crisis.
In late 2010, Saint-Gobain bought an initial 50 percent stake in Sage; the French glass and building materials giant said that assuming full ownership will allow Sage to expand into international markets, develop new products, and complete construction of its new manufacturing facility in Faribault.
H.B. Fuller has agreed to sell its paints unit, which is based in Central America, to a Colombia-based company so that it can focus on its adhesives business.
The Microsoft co-founder's investment vehicles already own 10.8 percent of Ecolab, but the St. Paul-based company amended its stockholder rights plan to allow the entities to acquire up to one-fourth of the company's outstanding shares.