Company News

  • Updated: December 7, 2012 - 7:47 PM
MERGERS AND ACQUISITIONS

Advanced BioEnergy, Bloomington, has completed the sale of substantially all of the assets of its subsidiary ABE Fairmont to Flint Hills Resources.

new business

BioDrain Medical Inc., Minneapolis, has received purchase orders for Streamway automated surgical fluid disposal systems in strategic markets including Minnesota and Michigan. In addition, BioDrain Medical has installed trial units for surgical procedures at Accreditation Association for Ambulatory Health Care Inc., a surgical facility.

DEBT AND EQUITIES

Canterbury Park Holding Corp., Shakopee, declared a special cash dividend of 25 cents per common share, payable Dec. 31 to shareholders of record on Dec. 17. The company has about 42 million common shares outstanding.

Graco Inc., Minneapolis, declared a regular quarterly dividend of 25 cents per common share, an increase from 22.5 cents, payable Feb. 6, 2013, to shareholders of record on Jan. 22. The company has about 60.7 million shares outstanding.

PERSONNEL

David Johnsrud of Starbuck, Minn., chairman of AgCountry Farm Credit Services, was elected as the Minnesota representative to the board of CHS Inc., the agribusiness co-op based in Inver Grove Heights. Oregon farmer David Bielenberg was elected chairman at the CHS annual meeting, succeeding Jerry Hasnedl, a St. Hilaire, Minn., farmer.

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