MERGERS AND ACQUISITIONS
Wind Energy America Inc., Eden Prairie, has entered into a letter of intent for a business combination with Boreal Energy Inc., a Minnesota corporation. Wind Energy intends to buy substantially all of Boreal's wind-energy assets in a tax-free exchange for Wind Energy common stock.
IMI Cornelius has sold its 432,286-square-foot building in Anoka to Eniva Corp. Terms were not disclosed. IMI Cornelius closed its operations at the facility in 2002. Eniva Corp. makes a line of nutritional vitamin supplement products.
NEW BUSINESS
Cargill Inc., Minnetonka, announced plans to supply and trade private-label olive oil worldwide in a joint venture with Spain's Hojiblanca, the world's biggest producer. The venture is subject to approval from Spanish authorities.
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
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