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Monday P.M. Report

Select Comfort raises $16.4M, warrant auction set for TCF stock, hand-cleaner lawsuit settled, Target reportedly settles ad complaint, and Unity Hospital president to retire.

Select Comfort raises $16.4M from public offering: Select Comfort Corp. said today that it closed a public offering of 3.8 million shares of common stock. Plymouth-based Select Comfort said the offering, at $4.75 per share, was expected to raise $16.4 million to help the bed maker and retailer improve working capital and pay down debt. Read full story

Treasury to auction off warrants to buy TCF stock: The U.S. Treasury Department will auction off 3.2 million warrants to buy the common stock of TCF Financial Corp. stock, the government said today. The auction, scheduled for Tuesday, is the government’s third auction of financial institution warrants related to its $700 billion bailout of the financial industry. The warrants allow holders to buy stock in the future at a fixed price. Read full story

3M, Medline settle lawsuits over hand cleaners: 3M Co. and Medline Industries have settled lawsuits against each other over advertising claims related to surgical hand cleaners. Maplewood-based 3M and Mundelein, Ill.-based Medline declined to disclose the terms of the settlement. Read full story

Target reportedly settles soy-milk ad complaint: Target Corp. has acknowledged to the U.S. Agriculture Department that it misrepresented a soy milk product as organic in advertising flyers, according to a farm-policy advocacy group that originally filed a complaint. The Wisconsin-based Cornucopia Institute said it received a letter from the USDA saying that Target had agreed to review procedures to prevent future errors, and that the case was closed. Cornucopia said it hasn’t observed any additional problems with Minneapolis-based Target’s advertising since the complaint was filed. Read full story

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Unity Hospital president to retire: Allina Hospital & Clinics is searching for a replacement for Rickie Ressler, the president of Unity Hospital in Fridley, who is retiring early next year. She’s spent more than 40 years as a caregiver and administrator for the Allina system. Read full story