MERGERS AND ACQUISITIONS Itasca Consulting Group Inc., a subsidiary of Itasca International Inc., Minneapolis, announces the purchase of Simulation Work Inc., St. Paul, the developer of Kubrix1 software used by design engineers and researchers to automate the more human-intensive and costly aspects of computer-aided engineering.
NEW PRODUCTS Kips Bay Medical Inc., Plymouth, said that its U.S. feasibility trial of the eSVS Mesh has begun in Bern, Switzerland, and anticipates first implants and enrollments under this study to begin the week of Sept. 2. The objective of the eMESH I study remains the demonstration of initial safety and performance of the eSVS Mesh to allow the FDA to approve an investigational device exemption for a pivotal study.
DEBT AND EQUITIES Xcel Energy Inc., Minneapolis, declared a quarterly common stock dividend of 27 cents per share, payable Oct. 20 to shareholders of record Sept. 20.
Wells Financial Corp., Wells, Minn., declared a special cash dividend of 25 cents per share, payable Sept. 21 to shareholders of record Sept. 7.
