MERGERS & ACQUISITIONS

Hemerus Medical, St. Paul, a company that develops technologies for collecting, processing, preserving and storing blood products, has agreed to be acquired by Haemonetics Corp., Braintree, Mass. Under the definitive agreement, Haemonetics will pay Hemerus up to $27 million in several stages, each of which is contingent upon regulatory approvals of Hemerus' SOLX red cell storage product, most of which should be received by the end of this year.

NEW BUSINESS

Julie and David Madison recently purchased and relocated to Edina the gluten-free baking products company Domata, which offers recipe-ready flour, pizza crust mix and seasoned flour to the retail and wholesale market. David Madison previously spent 18 years working for Pillsbury and General Mills in their Bakery Food Service division before being downsized.

MakeMusic Inc., Eden Prairie, has reached an agreement with London's Abbey Road Studios to produce a series of Garritan products including libraries featuring sounds associated with the acclaimed recording facility. Under terms of the five-year agreement, MakeMusic will team with Abbey Road Studios to develop innovations in sound technology.

DEBT AND EQUITIES

Deluxe Corp., Shoreview, declared a quarterly dividend of 25 cents per share, payable June 4 to shareholders of record on May 21. The company had 51 million shares outstanding as of April 30.

Fair Isaac Corp., Minneapolis, declared a 2 cents-per-share quarterly dividend, payable May 30 to shareholders of record on May 14.

Techne Corp., Minneapolis, declared a dividend of 28 cents per share, payable May 25 to all common shareholders of record on May 11.