Minnetonka May Look for Buyer: Bloomington, Minn.-based...

Minnetonka May Look for Buyer: Bloomington, Minn.-based Minnetonka Corp., maker of Calvin Klein cosmetics, says it may offer itself for sale to maximize value for its shareholders. “Comparable high-margin, luxury product businesses are commanding very high values in the private market,” said Robert R. Taylor, Minnetonka’s chairman, chief executive and largest individual shareholder. “This underscores our belief that it is in the best interests of our shareholders to explore the sale of the company,” he said. Analysts said Minnetonka could be worth up to $465 million, or $22 to $25 a share.