Local company news roundup

October 11, 2013 at 12:52AM

DEBT AND EQUITIES

Two Harbors Investment Corp., Minnetonka, said that its publicly traded warrants will expire on Nov. 7. Each warrant represents the right to purchase 1.0727 shares of the company's common stock at an exercise price of $10.25 per share. The warrants do not automatically exercise upon expiration. Any warrant not exercised before the expiration date will expire unexercised and the holder of any such warrant will not receive any cash, shares of the company's common stock or other consideration for such unexercised warrants. The New York Stock Exchange has advised the company that trading in the warrants will be suspended after the close of business on Nov. 4 to ensure that all trades in the warrants will settle in time to allow the warrants to be exercised on or before Nov. 7.

Pentair Ltd., Golden Valley, declared a regular quarterly dividend of 25 cents per share, payable Nov. 8 to shareholders of record on Oct. 25.

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Glen Stubbe/The Minnesota Star Tribune

State officials said higher premiums and diminished federal tax credits mean some people likely feel they can’t afford coverage.

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