AFC Enterprises, Popeyes' Atlanta-based parent company, is planning to buy 14 KFC restaurants from a bankrupt franchisee, a major push for the fried chicken chain that has only one lone location on Lake Street in south Minneapolis. The deal is part of a $13.8 million purchase of 28 restaurants in Minnesota and California. The new locations in a handful of metro cities will be quickly converted once the bid is approved by a judge.

Richard Schulze wants more time before making an offer for Best Buy, the company that he founded. Reuters reports Schulze, who has been working on his offer for months, is expected to take a 30-day extension to mid-December before submitting his final purchase proposal to Best Buy's board. Citing sources close to Schulze, the Star Tribune reported that his bid would come next week.

The bankruptcy estate of former Minnesota businessman Tom Petters will receive nearly $34 million. A U.S. District Judge approved three “clawback” settlements with GE Capital, Fredrikson & Byron, and the John T. Petters Foundation. Petters is currently serving a 50-year prison sentence for his fraud conviction.