Local company news roundup

May 1, 2014 at 2:27AM

MERGERS AND ACQUISITIONS

American Municipal Income Portfolio Inc., Minneapolis, said its board of directors has approved a proposal to merge the fund into Nuveen Investment Quality Municipal Fund, a closed-end fund managed by Nuveen Fund Advisors and sub-advised by Nuveen Asset Management. The proposal will be submitted to shareholders of the fund for a vote at a special meeting of shareholders.

DEBT AND EQUITIES

St. Jude Medical Inc., Little Canada, declared a second-quarter dividend of 27 cents per share, payable July 31 to shareholders of record on June 30.

Apogee Enterprises Inc., Bloomington, declared a quarterly dividend of 10 cents per share, payable May 30 to shareholders of record on May 20.

Winmark Corp., Minneapolis, approved an increase in its regular quarterly dividend to 6 cents per share from 5 cents, payable June 2 to shareholders of record on May 14.

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Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
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