Aria Partners last Tuesday offered to buy Christopher & Banks for $1.75 per share, 51 percent more than the Plymouth-based company's stock closing price. The company rejected the deal Friday, suggesting that the "proposal does not reflect the full, long-term value stockholders are expected to receive from continued focus on the current strategy."
Movie filming brings memorable day for MN teen with leukemia
Ayotzin Limon-Millard was diagnosed with acute myeloid leukemia last year.
Police trying to ID 'Playboy bandit' and 'no-pants raider' suspect
Police are calling the unidentified man "the Playboy bandit" and the "no-pants raider."
Twin Cities under severe thunderstorm watch Tuesday afternoon
Large hail and damaging winds are the main threats.
Famous Dave's family brings new BBQ biz to the south metro
The newest Twin Cities location is the first to offer wine slushies on the menu.
Large hail possible with strong storms in eastern MN, WI
Watch the forecast update with meteorologist Sven Sundgaard.
WI governor vows to protect anyone charged with abortion crimes
“You think it’s bad now? The four Republicans that are going after me, one of them we’re going to beat, they are going to make it worse," Evers said.
Sports anchor Hobie Artigue announces FOX9 departure
Artigue has spent the past seven years covering Minnesota sports.
Boy, 7, dies after being pulled from pool in south Minneapolis
The boy was pulled from a pool at a home in south Minneapolis.
Nashville man leaving wedding shot in the face in Minneapolis
He was leaving a wedding when gunfire erupted near the Stone Arch Bridge Saturday night.
Abogados Café in St. Paul is the first law-themed coffee shop in America
The new business is Minnesota's first Latina-owned coffee shop.
Man dies after being run over by his Clydesdale in St. Cloud
The accident happened Sunday afternoon at the St. Cloud MAC.
Investment firm urges Christopher & Banks to consider buyout offer
Boston-based Aria Partners, which owns 4 percent of the struggling Plymouth-based women's clothing retailer, has agreed to buy the company for $1.75 per share. Christopher & Banks “immediately dismissed” an offer Aria made last month.
Christopher & Banks hires new CEO
Christopher & Banks has named veteran retail executive LuAnn Via to be its new president and chief executive officer, the Pioneer Press reports. Via was most recently the CEO of Payless Shoes. She will start her new role with the women's apparel company on Nov. 26. Via replaces Joel Waller, who took over when Larry Barenbaum left the struggling Plymouth-based retailer in February.
Christopher & Banks closing 100 stores, 2 in Minnesota
The company says it will be closing its Albert Lea and merging its two locations in Roseville into one. Weak sales forced the women's clothing retailer to cut about 20 percent of its staff earlier this month.
Best Buy founder explores potential buyout options
Richard Schulze is reportedly talking with banks and looking for potential buyout partners as he considers taking the beleaguered Richfield-based electronics retailer private, Bloomberg reports. Schuzle is Best Buy's largest shareholder -- controlling 20.1 percent of the company's stock. The 71-year-old abruptly step down as chairman of the board earlier this month to explore his options.
Sugar workers overwhelmingly reject American Crystal offer
Union leaders say 90 percent of members who cast ballots voted against the company's latest offer. The rejection means 1,300 workers are heading into the fourth month of their lockout.
Moorhead residents dispute flood buyout offers
The In-Forum reports residents claim they're being short-changed -- currently, the city is offering to buy their flood-prone property for about 88 percent of its market value. That's a lot less compared to other buy-outs in the Red River Valley -- which have averaged around 108 percent.
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