May 11, 2010
Tom HartonSeveral apartment properties are back on the market as owners try to appeal to private investors looking for deals before
higher interest rates and inflation dampen their enthusiasm.
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May 10, 2010
IBJ Staff and Associated PressSimon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
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May 3, 2010
Cory SchoutenThe parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
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May 1, 2010
Greg AndrewsState law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
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April 26, 2010
Greg Andrews, Scott OlsonA big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to
take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan
failed to get through his board four years ago.
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April 26, 2010
Scott OlsonJS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares
of publicly traded Emmis for about $90 million, according to Monday morning's announcement.
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March 6, 2010
Cory SchoutenDavid Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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February 24, 2010
Bloomberg NewsGeneral Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield
Asset Management Inc
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February 20, 2010
Cory SchoutenSimon Property Group Inc. already is known for playing hardball with mall tenants over rent. So national retailers like The
Gap Inc. and Limited Brands Inc. will be bracing for future lease negotiations if the nation's largest mall owner succeeds
in a $10 billion bid to take over its nearest rival, the bankrupt General Growth Properties Inc.
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February 17, 2010
Cory SchoutenSimon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt
rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.
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February 16, 2010
Cory SchoutenWall Street today is cheering Simon Property Group Inc.'s giant bet on the future of retail real estate, a sector that
appeared left for dead just months ago. The nation's largest mall owner has offered $10 billion to take over its
nearest rival, Chicago-based General Growth Properties Inc., which is in bankruptcy.
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February 16, 2010
IBJ Staff and Associated PressDeal to acquire competitor would be largest ever for Simon Property Group, already the nation's largest mall operator.
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February 1, 2010
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that
could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
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January 30, 2010
J.K. WallSt. Vincent Health is near an agreement to take over The Care Group LLC, the city's largest independent physician practice
and largest cardiology group in the nation.
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January 23, 2010
These deals had no price tag, but still were significant.
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January 23, 2010
Norm HeikensWellPoint's sale of its NextRx unit was the largest deal in the Indianapolis area in 2009.
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January 23, 2010
Norm HeikensPent-up demand, anticipated thaw in financing might cause business valuations to rise modestly
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January 21, 2010
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
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January 8, 2010
Commercial Office Environments gets larger with its purchase of Area 4 Office Furniture. Operations of the two companies will
be consolidated at Commercial Office Environments' facility on Zionsville Road.
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January 5, 2010
Scott OlsonIndianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply
and Chemical in Michigan City.
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December 26, 2009
J.K. WallThe decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
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December 26, 2009
Chris O'MalleyAfter 36 years of flying smaller planes painted in the colors of the major airlines for which it flies under contract,
Republic Airways Holdings in 2009 became a branded airline operator of its own.
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December 24, 2009
The Indiana Cooperative Library Services Authority, known as ICOLSA, has merged with the Michigan Library Consortium to form
the Midwest Collaborative for Library Services.
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December 24, 2009
Chris O'MalleyOmnicity makes seventh acquisition since going public in February. The Rushville company aims to be nation's largest wireless
broadband provider in rural markets.
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December 23, 2009
Cory SchoutenA small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a "hostile takeover
attempt."
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!