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MERGERS AND ACQUISITIONS
Wits Basin Precious Minerals Inc., Minneapolis, acquired two additional parcels of land near the Bates-Hunter Mine, about 35 miles west of Denver.
DEBT AND EQUITIES
Mosaic Co., Plymouth, notified lenders under its senior secured bank credit facility that it will prepay $150 million principal amount of term loans under the facility on Oct. 29. The prepayments are being made from available cash and are part of Mosaic's plan to reduce outstanding debt, strengthen its balance sheet, and achieve investment grade credit ratings.
Ameriprise Financial Inc., Minneapolis, declared a quarterly cash dividend of 15 cents per common share, payable Nov. 16 to shareholders of record Nov. 5.
Regis Corp., Edina, declared a quarterly dividend of 4 cents per share, payable Nov. 20 to shareholders of record Nov 6.
Arctic Cat Inc., Thief River Falls, Minn., declared a regular quarterly cash dividend of 7 cents per common and class B common share, payable on or about Dec. 1 to shareholders of record Nov. 9. Arctic Cat has about 18.1 million shares outstanding.
DigitalTown Inc., Burnsville, has filed an application to list its common stock on a major stock exchange. Until then, DigitalTown's shares will continue to trade on the Bulletin Board under the symbol DGTW.
HMN Financial Inc., Rochester, declared a dividend of 25 cents per share, payable Dec. 12 to stockholders of record Nov. 23.
NEW BUSINESS
Pearson VUE, the Bloomington-based electronic certification and licensure testing business of Pearson, has signed an exclusive multiyear contract with Oncology Nursing Certification Corp. (ONCC) to provide test development and test delivery services for ONCC's certification programs. ONCC will move its entire certification program, including international paper-and-pencil testing, to computer-based testing beginning Jan. 2.
Select Comfort Corp., Plymouth, announced the launch of the Sleep Number bed and accessories in Australia through a strategic alliance with Harvey Norman Holdings Ltd. and A.H. Beard.
PERSONNEL MOVES
AgStar Financial Services, Mankato, elected William McCue to its board of directors.
- Ministers, nonprofits among the latest investors to sue Petters
- World powers pledge to combat credit crisis
- Petters' cronies plead guilty in fraud scheme
- Layoffs coming at Petters companies
- Life Time shares hit low after CEO's selloff
- This Wachovia deal's going to need help to fly
- Petters will remain in jail while awaiting trial
Blog: Patent Pending
Bad markets= No IPOs
More bad financial news: there were no venture capital-backed IPOs in the second quarter, the worst quarterly performance since 1978, according to a recent report by PricewaterhouseCoopers. “There is little indication that the market will recover anytime before the second quarter in 2009,” said Tracy Lefteroff, global managing partner of the Venture Capital and Private Equity [...]
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