The Rottlund Co.

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Private Home Builders Still Struggling

Private home builders draw on 2011 insights to drive momentum into 2012. More

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In Memoriam: Bernard "Bud" Rotter

Bernard "Bud" Rotter, who helped create The Rottlund Co. in Minnesota, Florida, and Iowa, died Monday after a long bout with cancer. The St. Paul, Minn., native, who was 64, is described as a "pillar" among builders. More

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Public Outcry

Less than a week after The Rottlund Co. announced it will buy back its outstanding shares and take the company private, the home builder finds itself named in a lawsuit filed to stop the self-tender offer.The plaintiff is James Biglan, a shareholder. He contends that the takeover breaches Rottlund's fiduciary duties to its stockholders in failing to take any steps to obtain the best price for the company's shareholders. Rottlund was in the process of hiring an attorney as this issue went to press and would not comment.The tender offer was made on Jan. 24 and was set to expire at midnight on Feb. 22, unless extended. More

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