Mardil, one of the newest companies based in Minnesota, wants to create a new innovative medical device that treats sloppy mitral valves short of doing open-heart surgery. It is trying to raise up to $12 million.

St. Jude Medical Inc. (NYSE:STJ) concluded its tender offer AGA Medical Holdings Inc. (NASDAQ:AGAM) and expects to close its $1.03 billion acquisition of the rival cardiovascular device maker today.

Shareholders of two companies set to be acquired are suing over the offers, alleging that the companies breached their fiduciary duties in agreeing to the buyouts.Investors in AGA Medical Holdings Inc. (NASDAQ:AGAM) sued in the Delaware Chancery Court over St. Jude Medical Inc.’s (NYSE:STJ) $1.3 billion offer for AGA, alleging that “the [...]

The financial dealings for St. Jude Medical Inc.’s (NYSE:STJ) acquisition of AGA Medical Holdings Inc. (NASDAQ:AGAM) have begun.The St. Paul, Minnesota-based cardiac device maker commenced an exchange offer for all of the outstanding shares of AGA’s common stock.St. Jude announced the acquisition of AGA and its portfolio of transcatheter heart repair [...]

Earnings reports are good ways to measure a company’s financial performance. What they’re less useful for is gauging a company’s confidence. You know… Mojo. Swagger. Groove. And here’s what I see: Medtronic Inc. (NYSE:MDT) always had it. Boston Scientific Corp. (NYSE:BSX) has lost it. And St. Jude Medical Inc. (NYSE: STJ) is feeling it.

When St. Jude Medical Inc. (NYSE:STJ) completes its $1.3 billion acquisition of AGA Medical Holdings Inc. (NASDAQ: AGAM) at the end of the year, it will end one of the briefest, most disappointing and weirdest tenures of a publicly traded company in Minnesota’s recent history. Lost in the hoopla over St. Jude’s all-cash, $20.80-a-share offer for AGA is that the announcement comes three days before AGA’s one-year anniversary as a publicly traded stock.

St. Jude Medical Inc. (NYSE: STJ) said Monday it will acquire fellow Minnesota medical device maker AGA Medical Holdings Inc. (NASDAQ:AGAM) for $1.3 billion. Under terms of the all-cash agreement, St. Jude, based in Little Canada, will pay $20.80 for each share of AGA stock and assume $225 million in AGA debt. The company expects to close the deal by the end of the year.

Medical device companies probably aren’t feeling the love from Wall Street, these days. The last two medical device companies from Minnesota to go public priced their IPOs far below what they expected. The malaise is not limited to Minnesota.

AGA Medical Holdings Inc. (NASDAQ: AGAM) filed a lawsuit against W.L. Gore & Associates alleging that the Newark, Del.-based company is infringing on a patent for its transcatheter occlusion device for heart defect treatment.

AGA Medical Holdings, Inc. (NSDQ:AGAM) posted a 10 percent increase in sales during the second quarter, helping the company reverse a $2 million loss from the same period last year.For the three month period ended on June 30 the Minneapolis, Minnesota-based company posted a $3.6 million profit on $53.7 million, compared to a $2 million [...]