mergers and acquisitions Mergers and acquisitions involving Minnesota companies that were announced in the past week.
TargetAcquirer
DatelocationlocationDescription
8/7Denison Mailing Service Inc.Action Mailing Services Inc.Action Mailing acquired the assets BloomingtonPlymouthof competitor Denison Mailing, which has a staff of 30. 8/7First State Financial Corp.Stearns Financial ServicesStearns Bank assumed all the deposits Sarasota, Fla.St. Cloudof First State Bank, which was closed by Florida's Office of Financial Regulation. 8/11Merchant card processingU.S. BancorpMB Financial sold its merchant card processing businessMinneapolisbusiness to Elavon, a subsidiary of U.S. Bancorp, for $10.2 million. 8/12Opus Property ServicesNorthmarq Capital Inc.Northmarq outbid eight other real estate MinneapolisBloomingtoncompanies for Opus. 8/13TCF Financial Corp.Toro Co.TCF Financial and Toro formed a joint venture WayzataBloomingtonto provide floor-plan and open-account financing for Toro and Exmark distributors and dealers. 8/13Datrix Inc.IntriCon Corp.IntriCon acquired Datrix, a supplier of cardiac Escondido, Calif.Arden Hillsdiagnostic monitoring devices, for $2.5 million.
