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Plato Ups Bid for Software Co.; Offer is Rejected

Plato's $471 million bid for Renaissance Learning is the highest offer on the table, but Renaissance's board of directors is recommending that shareholders approve a $455 million buyout offer from global equity firm Permira Funds.

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Plato Counter-Bids for Software Co., Offer Matched

Renaissance Learning's board of directors will consider Plato's $15.50-per-share buyout offer but is currently recommending that shareholders vote in favor of an offer from Permira Funds, which was recently increased to match Plato's bid.

Report: 3 State Agencies Sued for Age Discrimination

The state's departments of Commerce, Public Safety, and Natural Resources allegedly violated age discrimination laws by offering incentives such as health and dental benefits to workers who retired at 55-but not to older workers.

Tennant Defends Cleaning Tech. After Rival Sues

Alfred KÅ rcher GmbH & Company has sued Tennant Company over claims made about its ec-H2O cleaning technology, but Tennant President and CEO Chris Killingstad called the accusations "baseless" and said his company will vigorously defend itself, its technology, and its advertising.

Target Finalizes Canada Real Estate Deal

The Minneapolis-based company has selected a total of 189 leases it plans to buy from Canadian retailer Zellers; it intends to open between 125 and 135 Target stores in Canada and sell the remaining leases to other retailers or landlords.

MnSCU’s New Chancellor Pledges to Keep Tuition Down

Steven Rosenstone, who took office on August 1, also told the board of trustees that he wants to ensure widespread access to educational opportunities among Minnesotans and seek new ways to partner with businesses and others in order to better meet the state's work force needs.
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