Post Type of: Article

Proposed FTC Order: Graco Must Sell Acquired Biz Units

Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.

Piper Jaffray Signs $44.5M HQ Lease, Cuts Space

The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.

Target May Sales Up, Beat Wall Street

Same-store sales were up 4.4 percent this month, representing a more significant jump than the 3.5 percent increase expected by analysts and “at the high end” of the company’s expected range.