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Pandemic slowed deal-making in Minnesota last year
The state logged two public offerings in 2020. 
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Ryan Miest, a veteran mergers-and-acquisition lawyer in Minneapolis, saw a hot year for buying and selling companies cool in a hurry in 2020.
The change happened in February, even before workers abandoned offices, and came after a record year for transactions in 2019, said Miest, co-chairman of the M&A practice at Fredrikson & Byron.
The daily news of COVID was getting worse, Miest recalled last week. We were seeing the vast majority of our deals terminated or put on the shelf. An anxious time for sellers. ....

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