An overview of activity related to Minnesota businesses.
TargetAcquirer
DateLocationLocationDescription
6/27Jet Edge Inc.Spell Capital Partners LLCSpell Capital Partners has acquired Jet Edge Inc., a
St. Michael, Minn.Minneapolismanufacturer of ultrahigh pressure waterjet systems.
6/28U.S. BancorpU.S. BancorpU.S. Bancorp's board of directors has authorized the
MinneapolisMinneapolisrepurchase of up to $2.6 billion of its outstanding common
stock replacing a repurchase authorization that expired
on June 30.
6/30Kaleidoscope Group PBCGoKart Labs LLCGoKart Labs, a digital innovation lab, has invested in
ChicagoMinneapolisKaleidoscope Group, an ed-tech public benefit company
to support the launche of a new cloud-based scholarship
management product.
![Michael Fiddelke, Target CFO, at the downtown Target store Tuesday, Feb. 25, 2020, in Minneapolis, MN.] DAVID JOLES • david.joles@startribune.com Three years ago, Target laid out a bold plan to invest $7 billion into its business that paid off better than anyone could have imagined. Executives will head back to New York this week to lay out the next iteration of their strategy.](https://arc.stimg.co/startribunemedia/SVPXUQT5IMZ577JHGLS5NYAPFI.jpg?&w=436&ar=3:2&fit=crop)
Minneapolis-based retailer put its chief operating officer, Michael Fiddelke, in charge of a new unit that will find ways to change faster and add efficiencies.
