MERGERS AND ACQUISTIONSSecurian Financial Group Inc., St. Paul, will acquire Balboa Life Insurance Co. and Balboa Life Insurance Co. of New York from a subsidiary of Bank of America. Pending regulatory approval, the transaction is expected to close Oct. 1.
NEW BUSINESSCargill Beef Australia, a unit of Cargill Inc., Wayzata, and Teys Bros. said that the Australian Competition and Consumer Commission does not plan to intervene in the proposed merger of Cargill Beef and Teys Bros. The proposed joint venture still needs approval from the Foreign Investment Review Board and foreign antitrust regulators before it can be finalized.
FSI International Inc., Chaska, has received a repeat Orion single wafer cleaning system order from a leading foundry producer. The order is expected to ship in the fourth quarter of fiscal 2011.
DEBT AND EQUITIESH.B. Fuller Co., Vadnais Heights, declared a regular quarterly cash dividend of 7.5 cents per common share, payable Aug. 4 to shareholders of record July 21.
