mergers and acquisitions Mergers and acquisitions involving Minnesota companies that were announced in the past week.
Mergers and acquisitions
February 2, 2009 at 1:19AM
TargetAcquirer
DatelocationlocationDescription
1/27Multiple targetsStark & Roth Inc.Knight Capital sold its hedge fund business, MinnetonkaSt. Francis, Wis.Deephaven Capital, after steep losses last year, for $7.3 million.1/27Trade Secret retailPremier Salons Beauty Inc.Regis Corp. sold its Trade Secret retail product product divisionGolden Valleydivision, which was forecast to have operating losses in 2009. It will not receive proceeds from the sale, but expects income tax benefits and a $56 million cash refund.1/27Winona River & Rail Inc.CHS Inc.Winona River & Rail assets include 90,000 tons Fairmont, Minn.Inver Grove Heightsof dry fertilizer storage capacity, a dedicated river dock and 65-car railroad track capacity.1/28Intellectual property Genii CapitalPetters and Genii entered into a "stalking and assetsLuxembourghorse" agreement, the first step toward selling the Polaroid business.1/29Embarq Logistics Inc.KGP Telecommunications Inc.KGP agreed to buy Embarq Logistics, a supply Overland Park, Kan.Faribault, Minn.chain, distribution and deployment subsidiary.
about the writer
Construction on Summit’s pipeline can’t start until the project moves ahead in North Dakota. It has inspired a debate over risk of a leak and the value of carbon capture for ethanol as a climate solution.
