Richard Schulze offered $24 to $26 a share. The company described the offer as “highly conditional,” and one analyst said that the move seems “more like a negotiating tactic than a fully-funded and committed offer.”
Industry
WSI Industries said that its 47,000-square-foot expansion will accommodate new machinery and new employees.
Carleton College was the highest-ranked Minnesota school, coming in at 31st on Forbes’ annual list of the best colleges and universities in the nation.
The cuts are part of the struggling grocer’s plans to restructure its technology department in an effort to reduce costs and increase efficiency.
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The cuts are part of the struggling grocer’s plans to restructure its technology department in an effort to reduce costs and increase efficiency.
3M cited “betrayal” motivated by “greed” as a reason for Covington & Burling’s move to help the Minnesota attorney general in a lawsuit against the Maplewood-based company.
St. Cloud-based Marco said the acquisition is part of its plans to expand nationally.
The new office, which aims to stimulate exports, will assist businesses in learning about opportunities abroad, among other functions.
Pat Murray, son of the restaurant’s founders, died Monday at his home in Lake Elmo.
Woodbury Financial Services will become part of American International Group’s broker-dealer business, Advisor Group.
The publisher of Metro said it will reallocate resources to its community, business, and bridal magazines.
The Eden Prairie-based test system maker, which has been under investigation for more than a year, said that the deal must still be approved by the U.S. Department of Justice.
The new stores will be built in an area of western North Dakota where population growth is occurring thanks to booming oil production.
Jennifer Ford Reedy, who currently serves as chief of staff and vice president of strategy for Minnesota Philanthropy Partners, will assume the new position on September 4.
Former CEO Brad Anderson and former President and Chief Operating Officer Al Lenzmeier are reportedly among those Richard Schulze is recruiting for his executive team as he attempts a private takeover.
Surly sought applicants “with a strong local presence”—and it has chosen Minneapolis-based HGA Architects for its brewery project.
Teresa McFarland’s new firm, McFarland Communications, will offer many of the same traditional PR services as McFarland Cahill Communications, but it will increase its focus on content creation for digital platforms.
Robert Bosch Healthcare Systems claims that Chanhassen-based Cardiocom infringed on six of its patents, but Cardiocom denied the allegations.
The company, which was accused of breaking privacy laws and using unethical debt-collection tactics, did not admit to any wrongdoing in its settlement agreement.
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