Sale talks with Fingerhut end

Programs & Series | MPR News Feature | Topics | Business & Industry |
May 7, 2002
Bill Catlin - Reporter
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The Business Development Group of Wayzata and Federated Department stores say they're calling off discussions about a sale of Fingerhut. The two parties have been holding talks since January, shortly after Federated announced it would shut down the company if no buyer could be found. The Business Development Group says new requirements from a credit rating agency were a major factor in the decision to terminate discussions. Minnesota Public Radio's Bill Catlin reports.

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