Best Buy Co.’s board of directors is investigating allegations that chief executive Corie Barry had an inappropriate romantic relationship with a colleague who left the company a few months before she became its leader...
United Natural Foods Inc. closed its $2.9 billion purchase of Supervalu Inc. on Monday, with Supervalu shares disappearing from the New York Stock Exchange as the first sign of the completed takeover. In coming months, United Natural aims to sell Supervalu’s grocery store chains, including Cub Foods, and narrow its business to wholesale distribution similar to its own. United Natural Foods, based in Providence, R.I., is the nation’s largest distributor of organic and natural foods...
An activist investor dropped its effort to replace Supervalu Inc.’s board of directors, the company said Tuesday, three business days after the company announced its sale to another major food distributor. Blackwells Capital LLC, a New York investment firm that built a sizable stake in Eden Prairie-based Supervalu over the past year, proposed an alternative slate of board candidates for shareholders to vote upon at the company’s Aug. 16 annual meeting...
Supervalu Inc., the Minnesota food distributor that struggled for years after a failed attempt to create one of the nation's largest grocery chains, was sold Thursday to a Rhode Island-based wholesaler in a $2.9 billion deal that puts Cub Foods, the biggest grocer in the Twin Cities, on the sales block...
The activist investor seeking strategic changes at Supervalu Inc. on Tuesday nominated six outside directors to be voted on by shareholders at the company’s annual meeting. The move by Blackwells Capital LLC is the most aggressive yet since it revealed last fall that it had taken a sizable stake in the Eden Prairie-based grocery wholesaler and retailer, whose chains include Cub Foods, market leader in the Twin Cities...
Wall Street bonuses spike 17 percent in 2017 They jumped 17 percent from the year before. By Renae Merle Washington Post March 26, 2018 — 7:38pm FILE - In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. Global stocks mostly rose Wednesday, Nov. 22, 2017, after Wall Street hit new highs and Hong Kong's Hang Seng index closed above the 30,000 level for the first time in over 10 years...
The owner of Arby’s, Hardee’s and Jimmy John’s has offered to buy Buffalo Wild Wings, the Wall Street Journal reported late Monday, and the news sent the Golden Valley company’s shares soaring in after-hours trading. Roark Capital, an Atlanta-based investment firm, offered about $150 a share, or $2.3 billion, for Buffalo Wild Wings, the Journal said citing people familiar with the offer. That’s a 28 percent premium to the closing price of $117.25 for Buffalo Wild Wings shares on Monday...
Star Tribune May 2, 2017 — 5:00pm Star Tribune Buffalo Wild Wings investors received competing letters from company directors and an activist shareholder firm on Tuesday, a month ahead of the firm's annual meeting.
Buffalo Wild Wings Inc. this morning fired back at the activist investor trying to take control of the company, saying he has “no credible plan” to run it and urging shareholders to stay with current leaders. The company set a June 2 date for its annual shareholders meeting, a usually perfunctory event that this year will be a turning point in its 35-year history...
The percentage of women on the boards of S&P 500 companies is still only 20 percent, making little progress from the year before, a new national report has found. And while at least a dozen of Minnesota’s public companies — led by Best Buy, Ameriprise Financial and Patterson Companies — have better representation than the nation as a whole, the percentage for all the state’s public companies lags behind the national average ...
Women may be badly outnumbered in the top ranks of corporate America, but at least they aren't underpaid...
Under new chief Brian Cornell, Target has brought in more outside help to its board...
NEW YORK — Think a company is paying its CEO way too much? Or that its board of directors is too full of the CEO's cronies? If you own a broad index mutual fund, you may already be doing something about it, at least indirectly...
NEW YORK — Johnson & Johnson said Tuesday that its board of directors approved a $10 billion stock buyback plan. The health care and pharmaceutical products company said there is no time limit on the program and it will be financed through the issuance of debt...
Pump and valve maker Pentair PLC announced last week that it would ask shareholders to approve a proposal to increase the size of its board of directors by one and appoint a member of New York activist hedge fund Trian Management to the new vacancy...
SEOUL, South Korea — A vote on combining companies in the Samsung empire is pitting its wealthy founding family against small shareholders and foreign investors in a rare challenge to the power of South Korea's ubiquitous business conglomerates. Shareholders at construction company Samsung C&T will vote Friday on the proposed takeover of it by another Samsung company, Cheil Industries...
The revolving door of corporate governance turned yet again Tuesday at Famous Dave’s. The Minnetonka-based restaurant company announced a new chairman and board member — Joseph Jacobs, president of activist shareholder group Wexford Capital, which recently became Dave’s largest owner with a 19 percent stake...
Best Buy CEO Hubert Joly solidified his reign over Richfield-based electronics retailer on Tuesday when he officially added the title of chairman. The bureaucratic move, approved at Best Buy’s annual shareholders meeting, was a sign of the board’s confidence in Joly and his Renew Blue strategy that has revived a retailer whose imminent demise some critics wrongly predicted...
Select Comfort notified federal regulators Friday that it has rejected a shareholder group's request to seat two hand-selected nominees on the Plymouth company's board of directors . The move could force a proxy fight at the company's annual meeting ...
A shareholder lawsuit aimed to block a $63M payout to cover inversion taxes for executives...
The activist shareholder firm that ousted management at Eden Prairie-based ValueVision Media earlier this year is seeking change at another Minnesota company.Clinton Group takes aim at Imation’s board...
NEW YORK — Facebook has closed its acquisition of mobile messaging service WhatsApp in a deal that is now worth $21.8 billion, up from the original $19 billion deal struck, thanks in part to the social network giant's rising stock price since February...
BERLIN — German insurer Allianz SE says board member Oliver Baete will take over as chief executive in May when current CEO Michael Diekmann steps down after more than a decade in charge...
