Monday A.M. Report

St. Jude Medical acquiring AGA Medical for $1.3B: St. Jude Medical today announced a $1.3 billion acquisition of AGA Medical Holdings, which makes devices that use minimally invasive procedures to treat heart defects. St. Jude will spend $20.80 per share in a cash-and-stock transaction. It also will assume $225 million of AGA Medical’s outstanding debt. The companies expect the merger to close by the end of the year. Read full story

VA nixes move to former NWA headquarters: Uncle Sam has pulled out of a Twin Cities metro real estate deal, and Delta Air Lines is the one left holding the bags. The U.S. General services Administration ended a year-long search for about 233,000 square feet of south suburban office space for the Department of Veterans Affairs after the VA decided to stay with a $115 million remodel job of its current home. The cancellation, which was posted last week on the federal business opportunities website, will almost certainly kill a previously reported $19.5 million sale of the former Northwest Airlines headquarters building in Eagan. An East Coast REIT had signed a purchase agreement for that property, subject to its securing a lease with the VA. Read full story

Wild COO: We’ll earn our way back to sellouts: The honeymoon may be coming to an end for the Minnesota Wild, but club officials still expect a big year for the business. The team surpassed its official sellout mark of 18,064 for Thurday’s home opener against the Edmonton Oilers at Xcel Energy Center in St. Paul. But the club’s nine-season sellout streak came to an end at 409 games in September, when a preseason game against the St. Louis Blues drew just 16,219. That might not be the last non-sellout this year: Unlike in most past seasons, there are still plenty of tickets left for all of the Wild’s regular games this season. Read full story

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