Company founder Richard Schulze reportedly faces a Sunday deadline, and his offer is expected to be at least $5 billion to $6 billion.
Industry
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.
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.
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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.
The company recently bought Iowa-based Mason City Business Systems, Inc., which expands its presence in the state and marks the company’s biggest acquisition to date.
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.
A Merrill Lynch analyst reportedly said that a Best Buy buyout is unlikely due to the difficulty of obtaining necessary financing; she also restored an “underperform” rating to Best Buy’s stock.
The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
According to Bloomberg, Cerberus Capital Management LP—which was previously considering making a bid for the company as a whole—might instead seek control of its two largest chains, Albertsons and Save-A-Lot.
Despite warnings from economists that the “fiscal cliff” could have dire consequences for the U.S. economy, more than half of those who responded to a recent poll indicated that it might be sensible to take the plunge.
Target’s collaboration with Neiman Marcus got off to a slow start, according to a report; in a move unrelated to the partnership, Target Chief Marketing Officer Jeff Jones said in a new video that the retailer will focus on “content instead of campaigns.”
TechForward accused Best Buy of stealing its concept for a buy-back program; Best Buy said it “completely disagrees” with the size of the award in the case and plans to “vigorously challenge this verdict.”
U.S. Bancorp CEO Richard Davis anticipates “substantially lower” revenue growth next year, due to which the company plans to open fewer branches.
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