MERGERS AND ACQUISITIONS Valspar Corp., Minneapolis, completed the previously announced acquisition of Australian paint manufacturer Wattyl Ltd. Valspar acquired all outstanding Wattyl shares for about $142 million Australian and assumed existing debt. Wattyl had 2009 sales of $381.4 million Australian.
NEW BUSINESS Table Trac Inc., a Minnetonka-based developer and provider of casino information and management systems, said that Northern Winz Casino in Box Elder, Mont., has selected Table Trac to provide the Chippewa Cree Tribe's Northern Winz Casino with a complete suite of casino management products.
Risdall Marketing Group, New Brighton, teamed with Dale Henn to form Risdall Henn Direct-to-Market (RHDM). Henn will be president of the agency's new division and work closely with clients to craft direct product marketing program.
DEBT AND EQUITIES Toro Co., Bloomington, declared a regular quarterly cash dividend of 18 cents per share, payable Oct. 18 to shareholders of record on Oct. 4.
U.S. Bancorp, Minneapolis, declared a quarterly dividend of 5 cents per common share, payable Oct. 15 to shareholders of record on Sept. 30.
PERSONNEL SurModics Inc., Eden Prairie, named Scott Ward to its board of directors, bringing the number of members to nine. He most recently was senior vice president of Medtronic Inc., Fridley, and president of its cardiovascular business.
