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Monday P.M. Report

Canterbury to develop land for summer concerts, Dave & Buster’s to be sold for $570M, Lego and nonprofit Project Legos discussing settlement, and Vascular Solutions buys medical product lines.

Canterbury Park to develop land for summer concerts: Canterbury Park is developing 28 acres of land to move its concerts and other special events out of the parking lot and away from neighbors. The Shakopee horse track, owned and operated by Canterbury Park Holding Corp., said today that the new event space on the north end of the property will be known as Canterbury Festival Fields. The space will open with Soundset 2010 on May 30 and then host Lilith Fair on July 18 and the Vans Warped Tour on Aug. 1. Read full story

Dave & Buster’s to be sold for $570M: Restaurant chain Dave & Buster’s will be sold to private equity firm Oak Hill Capital Partners for $570 million, the company said today. Oak Hill is an independent private equity firm with ties to the Bass family of Fort Worth. The Dallas-based chain has one location in Minnesota, in Maple Grove. Read full story

Toymaker Lego and nonprofit Project Legos discussing settlement in trademark suit: A nonprofit sued by toymaker giant Lego is engaged in “fruitful settlement negotiations,” an attorney representing the Minneapolis group said. Attorney Ernest Grumbles said his client, local youth encouragement group Project Legos, is waiting to hear back from the Lego Group on “certain terms” of a settlement, according to a new document in the suit. Read full story

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Vascular Solutions buys Escalon Medical product lines for $5.75 million: Vascular Solutions has acquired three product lines from med-tech company Escalon Medical. Maple Grove-based medical device maker Vascular said today it paid $5.75 million for technology developed by New Berlin, Wis.-based Escalon Vascular Access, a division of Escalon Medical Corp. Read full story