MERGERS AND ACQUISITIONS Xata Corp., Eden Prairie, agreed to acquire GeoLogic Solutions Inc., Herndon, Va., for about $17.5 million. The sale is expected to close in the first quarter of 2008.
Company news
December 21, 2007 at 4:11AM
DEBT AND EQUITIES Tennant Co., Golden Valley, reported an after-tax gain on the sale of its Maple Grove facility of about $3.7 million, or 19 cents per share. As previously disclosed, Tennant has moved all operations out of the Maple Grove plant and integrated them into its other facilities.
Pentair Inc., Golden Valley, has approved a regular quarterly cash dividend of 17 cents per share, an increase of 2 cents, or 13 percent, effective with the quarterly dividend payable in the first quarter of 2008.
Xcel Energy Inc., Minneapolis, announced settlement of its exchange offer to refinance a portion of the company's outstanding long-term debt securities. Xcel offered to exchange up to $254 million of its 5.613 percent senior notes, series A, due 2017.
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Medicare may begin to cover renal denervation with Medtronic’s Symplicity device by October, which could drive coverage among private insurers
