Until now, the bioplastics manufacturer has been wholly owned by Cargill-but a Thai company has bought a 50 percent stake in the company.
Banking + Finance
The RiverBank, whose six branches have reopened as branches of Central Bank, is the second Minnesota bank to be shut down by state regulators this year; the first, Rosemont National Bank, was closed in April.
Fast-growing Datalink bought Midwave Corporation in a deal that likely marks the ramping up of acquisitions by the company-which reportedly has plans to make one every 12 to 18 months.
Two former officers of failed Pinehurst Bank and a bank customer are facing new charges through a superseding indictment, which alleges that the men were involved in a $1.9 million "check-kiting" scheme that led to the bank's demise.
A humbler confit and “faux gras."
A new offering enables business customers on the go to view account balances, transfer funds, approve time-sensitive payments, reset their password, and view check images on their mobile devices.
Irwin Jacobs has sold the consumer goods remarketing portion of his business in a $140 million deal that is expected to close on October 1.
McLeod Bancshares, Inc., of Shorewood, received $6 million, and Redwood Financial, Inc., of Redwood Falls, got $6.4 million through the Small Business Lending Fund.
Wells Fargo is accepting applications for a variety of mortgage-related positions at its Twin Cities offices.
The iconic candy maker was sold for an undisclosed sum, and Michael Keller, former chief marketing officer for International Dairy Queen, will take over as president and CEO.
Financial terms of the deal, which is expected to close on September 1, were not disclosed-but RBA said that the combined company is expected to generate $35 million in revenue this year.
Chris Johnson brings Texas barbecue to the St. Croix.
Faegre & Benson, one of the state's largest law firms, is exploring the possibility of combining with Baker & Daniels; a vote on the possible merger isn't expected until the fall.
Maple Grove resident Larry Gene Hillard, who participated in 12 fraudulent transactions in 2007 and 2008, was sentenced Tuesday for his role in a $4.3 million mortgage fraud scheme.
After the Dow fell 635 points on Monday, rose 429 points on Tuesday, and fell 520 points on Wednesday, the markets gained some ground on Thursday morning.
On news that the company had received an unsolicited buyout offer, its stock price soared 23 percent during one of the worst days the market has seen in recent years; but its stock dropped the next day when the company said it was not for sale.
The geospatial technology provider has been bought by a group of private equity investors from Alexandria, Virginia.
OptumHealth and its parent company, UnitedHealth Group, are set to acquire health care industry service provider Connextions.