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Kips Bay Expects IPO to Net About $21M

The company, which filed for an initial public offering in April, wrote in a regulatory filing that it intends to offer 2.75 million shares of its common stock, priced between $8 and $10 per share.

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Arguments in Petters Appeal Begin February 17

Tom Petters argues, among other things, that the court improperly cut short the cross-examination of Larry Reynolds-an accomplice who was sentenced to more than 10 years in prison for his role in Petters' fraud scheme.

Cargill Divests $24.3B Stake in Mosaic Company

It's a move that will enable Cargill to remain a private company while also freeing up cash for its family foundation-and one that has generated speculation that The Mosaic Company could be a good acquisition candidate.

Hubbard Pays $505M to Buy 17 Radio Stations

The acquisition will substantially grow the St. Paul-based company's portfolio-increasing the number of radio stations in its holdings from four to 21-and expand its geographic footprint to four new key markets.

Imation Inks Deal with TDK, Closing OK Facility

The company will jointly develop and manufacture magnetic tape technologies with TDK and will discontinue its magnetic tape coating operations in Oklahoma-resulting in the elimination of about 115 positions.
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