Tyco International shareholders will own 52.5 percent of the merged entity, and Pentair shareholders will own 47.5 percent; Wall Street responded favorably to the news, sending shares for both companies to a 52-week high on Wednesday.
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Graco plans to close its acquisition of Illinois Tool Works' finishing businesses next week, but regulators might require the company to sell some of the acquired units due to antitrust concerns.
Fiontrai II, an investment company that was started earlier this year by Brenton Hayden and Ryan Marvin of Renters Warehouse, bought the trademarks, website, and proprietary software of Webdigs, Inc., a publicly-held online real estate brokerage that has ceased operations.
Dean Thomas Mengler wrote to U.S. News & World Report to express concerns about its decision to unrank the school from its "Best Law Firms" list, saying that the move serves as "a disincentive for law schools to promptly report mistaken or erroneous data."
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Dean Thomas Mengler wrote to U.S. News & World Report to express concerns about its decision to unrank the school from its "Best Law Firms" list, saying that the move serves as "a disincentive for law schools to promptly report mistaken or erroneous data."
Personal income in the state totaled about $238.8 billion in 2011, compared to an estimated $227.3 billion the previous year.
TriWest-which originally won the health care contract but recently lost it to UnitedHealth Group after the government reopened the bidding process-is protesting the government's decision.
A new analysis suggests that the economic benefits of a proposed high-speed rail between Rochester and the Twin Cities could "easily exceed both the initial capital cost and the long-term operating cost of the proposed project."
The Geek Squad Partner Program will offer managed services plans to small companies in partnership with vendors such as telecom and cable resellers.
The Port Authority has reportedly reached a "handshake deal" with the Florida owners of the vacant Diamond Products building, under which the Port Authority would buy the land for $2.4 million and turn it over to the city to use for a regional ballpark.
The winners of the 27th annual Governor's International Trade Awards were announced at the Minneapolis-St. Paul Export Initiative luncheon in Minneapolis.
Production has ramped up at the mill, which resumed production in August, and the owners are aggressively cultivating more business.
The Chanhassen-based direct marketing services provider is consolidating operations at various U.S. facilities and boosting production at its facilities in Chanhassen and Hamburg, Pennsylvania; meanwhile, the company plans to hire more than 60 in Chanhassen.
The court determined that Prometheus' blood test involved naturally occurring phenomena, and its patents are therefore invalid; the ruling is expected to have broad implications in the scientific community.
Signs that the local economy is resetting in some creative and profitable ways.
The Minnesota State Colleges and Universities system will ask the state's businesses which jobs are available now-and which openings they project for the future-so that it can align its education programs with those needs and better prepare students to join the state's work force.
Minnesota has regained 81,400 jobs since the recovery began-representing more than half of the 156,300 jobs that were lost during the recession.
Several local groups will collaborate with a Washington, D.C.-based organization to develop a plan that will double Twin Cities-area exports over the next five years, increase the number of companies that export, and increase the number of countries that local companies trade with.
Wellesley, Massachusetts-based Stream Global Services already has some corporate staff members-including its CEO-working out of a temporary Bloomington office.
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