Heartland Advisors, Inc., which said it owns about 9 percent of Analysts International, is urging the company to pursue a merger or sale.
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At least one securities analyst believes Caribou could fetch a higher purchase price, while another said that the $16-per-share offer accounts for the chain’s growth potential as well as its recent “choppy” financial performance.
IronGate Data Centers is already preparing a 270,000-square-foot expansion to its 85,000-square-foot east metro data center; the company aims to attract “very large users” from the East Coast.
The Joh. A. Benckiser Group, a German holding company that recently purchased a majority stake in California-based Peet’s Coffee & Tea, has agreed to pay $16 per share in cash to acquire Caribou Coffee.
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The Joh. A. Benckiser Group, a German holding company that recently purchased a majority stake in California-based Peet’s Coffee & Tea, has agreed to pay $16 per share in cash to acquire Caribou Coffee.
The health care insurer, which pushed out its former chief executive in July, has appointed Michael Guyette as its next leader.
Best Buy’s stock, which had jumped Thursday on speculation that Richard Schulze was poised to make a takeover bid, returned Friday to where it had been trading previously, following news that Schulze’s deadline has been pushed back to February.
The new services were announced as the Oakdale-based company, which has long offered physical data storage devices, is struggling to make a profit.
Company founder Richard Schulze reportedly faces a Sunday deadline, and his offer is expected to be at least $5 billion to $6 billion.
The users of dining-reservation platform OpenTable selected The Capital Grille and Restaurant Alma as two of the top 100 U.S. restaurants.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
Rankings were based on percentage of residents that volunteered in 2011, which was 37 percent for the Twin Cities area and 38 percent for Minnesota.
Korn/Ferry International said it will pay between $80 million and $95 million to acquire Minneapolis-based PDI Ninth House, a provider of talent management and leadership development solutions.
The hacker group that claimed to have disrupted several national banks’ websites in September appears to have launched a second round of attacks, and Minneapolis-based U.S. Bancorp is once again a victim.
Members of the Business Roundtable—which includes some CEOs who head Minnesota companies—said they support “a balanced solution to the fiscal cliff and long-term deficit and debt issues,” adding that “no options should be precluded from a potential solution.”
Charlie Zelle, who will begin his new role on January 15, succeeds Tom Sorel, who left his post at the end of November to lead AAA Minneapolis.
According to a new report from the United Health Foundation, the state’s sedentary lifestyle and diabetes rates are among the lowest in the nation, but the figures are still concerning.
The two senators reportedly believe that the 2.3 percent tax on medical device sales will hurt companies’ profits and lead to job losses in the country.
J.J. Taylor, which employs about 230 in Minnesota, is acquiring Chisago Lakes Distributing, a 35-employee distribution company located north of the Twin Cities.
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