mergers and acquisitions
Mergers and acquisitions involving Minnesota companies that were announced in the past week.
Date location location Description10/19 Banco Santander SA U.S. Bancorp U.S. Bancorp's Evalon unit and Banco Santander will Madrid Minneapolis establish a payment services joint venture in Spain. Evalon will own 51 percent of the joint venture. 10/19 First East Side Saving Bank assets Stearns Bank Stearns Bank has acquired all of the deposits and Tamarac, Fla. St. Cloud substantially all of the assets of First East Side Saving Bank from the Federal Deposit Insurance Corp. 10/22 Fairmont ethanol plant Koch Industries Inc. Koch Industries acquired an ethanol plant in Fairmont, Fairmont, Minn. Wichita, Kan. Minn., from Advanced BioEnergy, Bloomington. 10/23 Neomend Inc. C.R. Bard Inc. C.R. Bard will acquire Neomend, a developer of sprayable Irvine, Calif. Murray Hill, N.J. surgical sealants and anti-adhesion products, from 3M Co. for $140 million. 10/23 U.S. Visa & private label Toronto-Dominion Bank Toronto-Dominion Bank will acquire Minneapolis-based card portfolio Toronto Target Corp.'s consumer credit card business. 10/26 Cultures and enzymes business Royal DSM Royal DSM will acquire Cargill's cultures and enzymes Heerlen, Netherlands business for $109.7 million.
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