Displaying items by tag: Varnum LLP
GRAND RAPIDS — The pending acquisition of TCSB Bancorp Inc. gives Independent Bank Corp. a position in an attractive banking market in Northwestern Michigan.
Kruger Plastic Products of Bridgman has been acquired by a Chicago-based private equity firm.
Physicians considering their next steps in the business have an emerging alternative to consider that would allow them to remain independent.
GRAND RAPIDS — A West Michigan real estate firm has moved to settle a federal civil lawsuit alleging it engaged in racketeering and other fraudulent activities by charging higher rents at properties once intended for affordable housing.
Here is the MiBiz Growth Report for Oct. 30, 2017:
• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.
After steering Spartan Motors Inc. through a series of changes that helped the manufacturer return to profitability, Daryl Adams knew the timing worked to take the next step in the company’s growth strategy.
With availability of talent at a premium, many manufacturers are attempting to lure away key workers from their competitors.
When two former executives of Pitsch Holding Company Inc. filed a lawsuit against three of their siblings in 2007, they probably didn’t know they’d be starting a 10-year war.
West Michigan educators and at least one business group say the Trump administration’s plan to rescind the Deferred Action of Childhood Arrivals program already is leading to anxiety and uncertainty.