Strong international sales helped fuel a 22 percent jump in second-quarter profits; the company’s Yoki Alimentos business in Brazil, which it bought earlier this year, contributed.
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Tokyo-based Sumitomo Chemical now owns a 76 percent stake in local insect control business MGK.
Heartland Advisors, Inc., which said it owns about 9 percent of Analysts International, is urging the company to pursue a merger or sale.
Diana Nelson, daughter of current Chair Marilyn Carlson Nelson, has served on the board for nearly a decade and will assume her new role in May.
The purchase represents the latest in a series of acquisitions that have expanded ABRA’s geographic footprint and boosts the total number of ABRA repair centers to 132 in 14 states.
The list was determined by Dartmouth professor and author Sydney Finkelstein, and Brian Dunn made the cut due to the company’s poor performance—not because of the much-publicized scandal involving his alleged relationship with a female subordinate.
IronGate Data Centers is already preparing a 270,000-square-foot expansion to its 85,000-square-foot east metro data center; the company aims to attract “very large users” from the East Coast.
Vélo, which will cater to residents with active lifestyles, will offer 101 luxury units and its first level will include 12,000 square feet of retail space.
At least one securities analyst believes Caribou could fetch a higher purchase price, while another said that the $16-per-share offer accounts for the chain’s growth potential as well as its recent “choppy” financial performance.
The Joh. A. Benckiser Group, a German holding company that recently purchased a majority stake in California-based Peet’s Coffee & Tea, has agreed to pay $16 per share in cash to acquire Caribou Coffee.
The health care insurer, which pushed out its former chief executive in July, has appointed Michael Guyette as its next leader.
Best Buy’s stock, which had jumped Thursday on speculation that Richard Schulze was poised to make a takeover bid, returned Friday to where it had been trading previously, following news that Schulze’s deadline has been pushed back to February.
The users of dining-reservation platform OpenTable selected The Capital Grille and Restaurant Alma as two of the top 100 U.S. restaurants.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
Korn/Ferry International said it will pay between $80 million and $95 million to acquire Minneapolis-based PDI Ninth House, a provider of talent management and leadership development solutions.
Minneapolis plans to raise property taxes by about 1.77 percent, while St. Paul’s budget calls for a 1.9 percent increase.
The new services were announced as the Oakdale-based company, which has long offered physical data storage devices, is struggling to make a profit.
Company founder Richard Schulze reportedly faces a Sunday deadline, and his offer is expected to be at least $5 billion to $6 billion.