June 5, 2010
Greg AndrewsThe going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
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May 27, 2010
IBJ StaffLocally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
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May 26, 2010
IBJ Staff and Bloomberg NewsEmmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
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May 24, 2010
Bloomberg NewsThe U.S. Justice Department said AMC Entertainment Group Inc., the second-largest U.S. movie theater owner, must sell some
cinemas to proceed with plans to buy most of those operated by Kerasotes Showplace Theatres.
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May 22, 2010
IBJ StaffThe foundation, founded by Dr. Chuck Dietzen, will absorb the Mercy Foundation, started by Dr. Mercy Obeime, in July.
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May 15, 2010
Cory SchoutenFinish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store
chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases,
and diversify its business.
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May 15, 2010
IBJ StaffGem Utilities Inc. and Gem Water Inc. have offered their sewer and water operations to the town of Cumberland for $6 million.
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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 7, 2010
IBJ Staff and Bloomberg NewsIndianapolis-based Simon Property Group Inc. has withdrawn its offer for General Growth Properties Inc. after a bankruptcy
court judge approved a sale process that gives an advantage to a group lead by rival bidder Brookfield Asset Management Inc.
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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
Bloomberg NewsGeneral Growth Properties Inc., the second-biggest U.S. mall owner, said a bankruptcy court hearing on its auction process
will be delayed five days to give the company time to consider competing bids, including one from Indianapolis-based Simon
Property Group.
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April 14, 2010
Scott OlsonThe Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator
who will
lease the space
from the building's owners.
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April 12, 2010
Bloomberg NewsShares in General Growth Properties Inc., the second-biggest U.S. mall owner, fell as much as 6.7 percent Monday morning after
a newsletter report that Simon Property Group Inc. may abandon a takeover bid for its smaller rival.
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March 15, 2010
IBJ StaffIndianapolis-based Simon Property Group and its chief rival in the battle to acquire bankrupt shopping mall operator General
Growth Properties Inc. are seeking funding from sovereign wealth funds in the Middle East and Asia, according to the Financial
Times of London.
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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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March 3, 2010
Bloomberg NewsGeneral Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.
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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 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's
Carmel
office,
which already has about a dozen employees.
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February 23, 2010
Bloomberg NewsBrookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based
Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
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February 20, 2010
Bloomberg NewsDirectors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have
rejected a $10 billion buyout offer from competitor Simon Property Group 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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.