Roundup of Minnesota company news

  • Updated: January 28, 2014 - 8:12 PM

MERGERS AND ACQUISITIONS

IntriCon Corp., Arden Hills, a manufacturer and distributor of miniature body-worn devices, has completed the previously announced divestiture of Camden, Maine-based IntriCon Tibbetts and its associated security, certain microphone and receivers businesses. IntriCon sold the business to Sierra Peaks Corp., an Albuquerque-based corporation. The sale of security, certain microphone and receivers businesses marks the final milestone in the global strategic restructuring plan announced by the company in June 2013. Financial terms of the deal were not disclosed.

Debt and equities

Dolan Co., Minneapolis, has received written notice from NYSE Regulation Inc. that trading of the company’s common and preferred stock on the New York Stock Exchange will be suspended Wednesday. The company expects its stock to start trading on the over-the-counter market that day under the symbol DOLN for its common stock and DOLNP for its preferred stock.

HickoryTech Corp., Mankato, declared a quarterly dividend of 15 cents per common share, payable March 5 to shareholders of record on Feb. 15.

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