...state officials and may prepare a bid. Petters, who is now chairman and chief executive officer of Eden Prairie-based Redtag Inc., told the Star Tribune of Minneapolis he contacted Federated's investment bankers. "We're considering it...

...four weeks. Peter Lytle, a business turnaround specialist from Wayzata, and Tom Petters, owner of Petters Cos. and Redtag Inc. in Eden Prairie, previously said they are interested in buying Fingerhut. Federated announced on Jan. 17 that it...

...deal. Petters, who once operated a chain of closeout retail stores that bear his name, is the founder and chairman of Redtag Inc., an Eden Prairie wholesaler. Federated bought Fingerhut in 1999 for $1.7 billion. The department store chain...

...including groups led by Lytle, a business turnaround specialist from Wayzata; Petters, owner of Petters Cos. and Redtag Inc. in Eden Prairie, and Minneapolis businessman Paul Ellarby, in addition to KPS Special Situations Fund, a New York-based...