Mergers & Acquisitions

BrightPoint merger talks driven by 'deal certainty'Restricted Content

July 28, 2012
Greg Andrews
When BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick to cash out while the going was still good.
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Ex-Progress CEO says Duke tried to nix merger amid tensions

July 19, 2012
Bloomberg News
Bill Johnson, the man who was CEO of Duke Energy Corp. for eight hours after its $17.8 billion takeover of Progress Energy Inc., began testifying Thursday to the North Carolina Utilities Commission.
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Author Solutions acquired by Pearson for $116M

July 19, 2012
London-based Pearson Plc has purchased Bloomington-based self publisher Author Solutions Inc., which has about 400 employees, most of whom are in Indiana, and had revenue in 2011 of $100 million.
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Westfield health IT firm sold for $473 million

July 18, 2012
J.K. Wall
MaxIT’s 1,300 employees, who provide information technology services to hospitals and physician practices, will join Virginia-based Science Applications International Corp.
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WellPoint using deals to prep for new era in insuranceRestricted Content

July 14, 2012
J.K. Wall
The buying spree is back on at WellPoint Inc., with a twist. A decade ago, the insurer consolidated Blue Cross and Blue Shield plans that catered to employers. Today, it is making deals to grow the non-employer part of its business.
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Meridian CPAs folding into larger Somerset firm

July 13, 2012
Four principals and about a dozen other staff accountants and support staff at Meridian will join Somerset in August. Somerset is Indianapolis' seventh-largest accounting firm, based on the number of local full-time employees.
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BrightPoint's $840M sale ends wild ride for CEO LaikinRestricted Content

July 7, 2012
Greg Andrews
Bob Laikin started BrightPoint in 1989, when cellular phones were clunky and brick-like and were mostly for the wealthy.
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Heartland Bancshares approves acquisition by HorizonRestricted Content

July 7, 2012
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
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Irving Materials acquires northern Indiana competitor

July 5, 2012
Greenfield-based Irving Materials Inc.'s purchase of Rock Industries in Peru brings its total number of mining operations in Indiana to 18. Rock Industries operates quarries in Peru and Plymouth.
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BrightPoint to be acquired for $840M by California firm

July 2, 2012
 IBJ Staff
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
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RW Armstrong becomes unit of New York engineering firm

June 20, 2012
 IBJ Staff
RW Armstrong and Associates Inc., Indianapolis’ fourth-largest engineering firm, has completed a merger with CHA Consulting Inc. that makes the local company a wholly-owned subsidiary of the Albany, N.Y.-based business.
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Fortune buyout would help exec out of financial jamRestricted Content

June 9, 2012
Greg Andrews
Sale to managers would alleviate problems for company's 70-year-old namesake and keep firm from being seized by bank.
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Rolls-Royce buys out control-system joint venture

June 8, 2012
Kathleen McLaughlin
Rolls-Royce plc announced Friday that it will acquire the remaining half of Aero Engine Controls, which designs control systems for aircraft.
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Calumet buying Royal Purple for about $335 million

June 6, 2012
Associated Press
Indianapolis-based Petroleum refiner Calumet Specialty Products Partners LP is buying high-performance lubricants maker Royal Purple Inc. of Porter, Texas, for about $335 million, the companies announced Wednesday morning.
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WellPoint seeks to diversify by buying contacts retailer

June 4, 2012
Bloomberg News, Associated Press
WellPoint Inc. plans to buy lens retailer 1-800-Contacts Inc. in a deal worth an estimated $900 million, giving the insurer its first direct-to-consumer business outside selling individual health coverage.
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Technical engineering firm bought for $12 million

June 4, 2012
 IBJ Staff
Indianapolis-based Productive Resources LLC, a privately held technical engineering firm, has been acquired for $12 million by Waltham, Mass.-based Lionbridge Technologies Inc., the companies announced Monday.
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Local company part of $470 million paper mill deal

June 4, 2012
 IBJ Staff and Associated Press
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.
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Chamber to merge with economic development groups

May 17, 2012
Kathleen McLaughlin
The Greater Indianapolis Chamber of Commerce will lead economic development efforts for central Indiana by merging with Develop Indy, Indy Partnership and Business Ownership Initiative, the groups announced Thursday.
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St. Vincent nears another 'merger'

April 9, 2012
J.K. Wall
The Indianapolis-based hospital system is working with Evansville-based St. Mary's Health System to mesh some of their corporate operations.
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Biomet offers to acquire DePuy trauma biz for $280M

April 3, 2012
 IBJ Staff and Bloomberg News
Warsaw-based Biomet, which designs and manufactures orthopedic products for surgical and non-surgical uses, said the deal would greatly expand its sports, extremities and trauma business.
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FirstPerson buys FlashPoint HR unit

April 2, 2012
J.K. Wall
Indianapolis-based benefits brokerage FirstPerson acquired the small-employer human resource division of Indianapolis-based consulting firm FlashPoint last week in a bid to provide a wider array of services to small businesses.
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FTC asks critics of Express Scripts-Medco deal for ideas

March 10, 2012
Bloomberg News
Two pharmacy groups opposing Express Scripts Inc.’s proposed acquisition of Medco Health Solutions Inc. said they were asked by the U.S. Federal Trade Commission to suggest ways to revise the $29.1 billion deal so it wouldn’t harm competition.
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Simon Property Group goes on $3.5B mall spending spree

March 8, 2012
 IBJ Staff and Bloomberg News
The Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
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Arcadia: Don't buy our stock

March 5, 2012
J.K. Wall
Arcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile of debt that comes due on April 1.
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Republic cutting up to 180 jobs in Milwaukee

February 14, 2012
Bloomberg News
Republic Airways Holdings Inc. expects to transfer 230 crew members to other cities as it cuts flights by its Frontier Airlines unit in Milwaukee, where it will eliminate as many as 180 jobs.
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