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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The rapidly growing, Chanhassen-based fitness chain-which now has more than 1,300 franchised locations in six countries-plans to expand to the United Kingdom by opening up to 100 clubs there over the next five years.
A report says that the state has the resources and the infrastructure to be at the leading edge of growth in the international advanced biofuels and biobased chemicals industries.
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.
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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.
The Minneapolis-based advertising agency received the national honor for the second year in a row.
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.
Christopher & Banks attributes its disappointing fourth quarter to an increase in prices that it implemented late last year; it now plans to slash base prices by about 20 percent in an effort to recapture sales.
Boosted sales in Canterbury Park's newly remodeled card casino, combined with increased consumer spending and a mild winter, more than offset the severe impact of the July state government shutdown, which forced the park to close for 20 days and negatively impacted financial results for the 2011 third quarter.
A line of products made by Minnetonka-based Blip Toys will be the featured girls' toys inside McDonald's Happy Meals for four weeks beginning on Friday.
Seven of 13 city council members now approve plans to build a $975 million Vikings stadium at the current Metrodome site in downtown Minneapolis.
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 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.
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 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.
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.
The Geek Squad Partner Program will offer managed services plans to small companies in partnership with vendors such as telecom and cable resellers.
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.
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