Mergers and acquisitions
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Mergers and acquisitions involving Minnesota companies that were announced in the past week.
Target Acquirer
Date location location Description
5/5 Credit card portfolio J.P. Morgan Chase & Co. After much pushing from an activist investor, Minneapolis New York City Target Corp. sold almost half its credit card receivables for $3.6 billion. 5/6 GWS Inc. Boundless Network Boundless acquired longtime family-owned Minneapolis Austin, Texas GWS Inc., a promotional products company. 5/8 European and U.S. Best Buy Co. Inc. Best Buy will purchase a 50 percent interest retail business Richfield in Carphone Warehouse Group, a European mobile-phone retailer. 5/9 HighJump Software Battery Ventures 3M Co. sold its HighJump Software unit Eden Prairie Indiana to a technology venture-capital and private-equity firm. 5/9 Quest Technologies Inc. 3M Co. Quest Technologies, which makes Oconomowoc, Wis. Maplewood sound-monitoring equipment, will complement 3M's safety products.
