The going-private transaction was completed through a merger, which makes the transaction mandatory for all shareholders under Minnesota law. Consequently, shareholders may only either surrender their shares for the cash payment of $9.15 per share or exercise their dissenters' rights under applicable provisions of Minnesota law.
The Minneapolis Rottlund Co. is a detached single- and multifamily housing developer with operations in the Twin Cities, Des Moines, IA, and Tampa, FL.
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