Company news: Private-equity firm concludes deal for MGC Diagnostics

January 4, 2018 at 3:26AM
Altus Capital Partners, Wilton, Conn., announced it has completed the tender offer for all shares of MGC Diagnostics Corp., Vadnais Heights.

It was the second acquisition of 2017 for private-equity firm Altus Capital, which makes control investments in middle-market manufacturing companies. It purchased the outstanding shares of MGC for $11.03 per share, or approximately $50 million.

Intellectual property

3M files suit on touch-sensor technology

3M Co., Maplewood, and 3M Innovative Properties Co. filed a patent-infringement lawsuit in the District Court of Wilmington, Del., regarding its touch-sensor technology.

3M's suit alleges Elo Touch Solutions, Milpitas, Calif., has infringed on four 3M patents regarding projected capacitive products.

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The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
Star Tribune/The Minnesota Star Tribune

The new rule, which goes into effect March 1, says only firms owned by citizens or U.S. nationals will qualify for Small Business Administration loans.

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