Although Bloomberg reported that the potential deal is still in its early stages, if the acquisition occurs, it could result in Medtronic relocating its legal headquarters to London.
Economy
Wayzata Investment Partners has completed the sale of Grede Holdings to New York-based private equity firm American Securities.
Graves 601 will officially change hands this summer when Graves Hospitality sells the 21-floor hotel for an undisclosed sum.
A new report that examined economic conditions in six Minnesota regions found that 10,406 new business filings during the first quarter helped improve the Twin Cities' economic outlook.
Exports of manufactured goods climbed to a new high, but exports overall ticked down following modest increases in recent years.
The global hospitality company sold the iconic restaurant brand in order to focus more energy and resources on its hotel and travel businesses.
Only three sectors added jobs on a seasonally adjusted basis in April, with manufacturing being the only real bright spot in Minnesota’s private sector.
The majority of Minnesota-based Bayer Interventional’s 350 employees work in Coon Rapids but Boston Scientific said it’s still determining whether it will keep all the existing workers.
A new Met Council report tallies $2.5 billion in investments near the light-rail line, but the number is far from an exact science.
Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.
The Minneapolis-based construction company is planning to build a new 80,000-square-foot headquarters near its current downtown headquarters this fall.
Advantus Capital Management is adding about $300 million in assets to the $29 billion it already manages.
The company said planned improvements to its existing Bayport facility will bring jobs that pay an average of $19 an hour, plus benefits.
The massive aerospace, defense, and sporting goods company—which has four facilities in Minnesota—announced that it’s dividing itself into two separate companies.
Axis Clinicals' plant will employ 100 workers at a former Wal-Mart site in Dilworth.
FineLine Prototyping will retain its current facility in Raleigh, North Carolina, and Proto Labs will keep on the acquired firm’s leaders.
The city has commissioned an ad campaign to convince people that it isn’t all crime and apartments.
The Minneapolis-St. Paul region is among a half-dozen U.S. metros tapped for the Global Cities Initiative.