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Public Companies
Roche aims to prevent bidding war for software firm
January 7, 2011
J.K. WallThe Swiss company, which operates its North American business out of Indianapolis, filed a lawsuit late last month against
Virginia-based Medical Automation Systems Inc. for breaching the purchase agreement the companies signed back in October.
MoreSimon target's valuation 'out of reach' for Indianapolis firm
January 7, 2011
Bloomberg NewsCapital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share
to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
MoreHHGregg shares slide on lower earnings outlook
January 6, 2011
IBJ Staff and Associated PressThe Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology
products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
MoreEmmis pitching in on breach-of-contract lawsuit
December 29, 2010
IBJ StaffEmmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan's JS
Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
MoreITT Educational OKs bonuses to keep managers in place
December 27, 2010
IBJ StaffCarmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company
until the end of June, ITT disclosed in a regulatory filing last week.
MoreStrong holiday sales give Finish Line a boost
December 22, 2010
Scott OlsonThe company said on Tuesday sales at stores open more than a year rose 4.5 percent from Nov. 28 through Dec. 19 compared to
the same period a year ago.
MoreAnalysts: Simon unlikely to buy Capital Shopping
December 21, 2010
Bloomberg NewsSimon Property Group Inc. is unlikely to buy Capital Shopping Centres Group Plc because it will take too long for rents to
rise enough to justify a price its U.K. counterpart would accept, according to Barclays Capital real estate analysts.
MoreDuke Realty planning $967M in property deals
December 20, 2010
The Indianapolis-based real estate investment trust said it will sell 3.1 million square feet of suburban office space for
$516.7 million and buy 4.9 million square feet of mostly industrial space for $450 million.
MoreHealth insurance investors unfazed by court ruling
December 15, 2010
J.K. WallThis week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance
market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.
MoreSimon bids $4.6B for U.K.'s Capital Shopping
December 15, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group
Plc that values the U.K. company at $4.6 billion.
MoreHillenbrand wins ban of knockoff coffins from Mexico
December 14, 2010
Bloomberg NewsThe U.S. International Trade Commission said Monday that Ataudes Aguilares will be barred from bringing in caskets with attached
memorabilia compartments, which Batesville-based Hillenbrand has patented.
MoreBrightpoint making $80M acquisition
December 13, 2010
IBJ StaffIndianapolis-based Brightpoint Inc. said Monday it has agreed to acquire Touchstone Wireless Repair and Logistics LP in an
$80 million deal expected to close by the end of the year.
MoreBritish mall owner rejects Simon financing plan
December 13, 2010
Bloomberg NewsCapital Shopping Centres Group Plc, Britain’s biggest shopping-mall owner, rejected a financing plan that would have
given potential suitor Simon Property Group Inc. a larger stake in the company.
MoreInsurer Baldwin & Lyons names new CEO
December 12, 2010
IBJ StaffIndianapolis-based Baldwin & Lyons Inc. has named Joseph J. DeVito its new CEO, replacing Gary W. Miller, who has led
the insurer for 13 years.
MoreFinishMaster to be acquired in $172M deal
December 10, 2010
IBJ StaffIndianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for
$172 million.
MoreRefinancing boosts Bioanalytical Systems
December 8, 2010
J.K. WallShares of the West Lafayette-based pharmaceutical-services firm soared after it wriggled out from under a $1.3 million loan
that was due in February.
MoreSimon may drop interest in Capital Shopping Centres
December 8, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc. will end its interest in buying Capital Shopping Centres Group Plc if the U.K.
company doesn’t provide information necessary to evaluate a bid.
MorePossible Simon bid boosts British mall owner's stock
November 26, 2010
Bloomberg NewsShares of Capital Shopping Centres Group Plc, Britain’s biggest mall owner, rose the most since the company went public
in 1992 after saying Indianapolis-based Simon Property Group Inc. may offer more than $3.6 billion in cash for the company.
MoreSimon CEO: Mall owner has ‘firepower’ for deals
November 16, 2010
Bloomberg NewsIndianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center
business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
MorePROXY CORNER: Bell Industries Inc.
November 13, 2010
IBJ StaffBell Industries Inc., 8888 Keystone Crossing, Suite 1700 (www.BellInd.com), is a holding company for Bell Techlogix and the
Recreational Products Group.
MoreStudy: Arthritis drug co-developed by Lilly shows promise
November 12, 2010
IBJ Staff and Bloomberg NewsLilly paid $90 million in 2009 to acquire the global rights to the treatment in a bid to beef up its pipeline of medications
for autoimmune diseases.
MoreRepublic Airways prices stock offering
November 12, 2010
The Indianapolis-based company said it plans to raise $88.5 million by pricing 12 million shares of its common stock at $7.80
each in a public offering.
MoreNoble Roman's reports loss
November 11, 2010
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model
in favor of offering its products in convenience and grocery stores.
MoreFeds require Simon to sell outlet centers
November 11, 2010
Bloomberg NewsThe U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall
owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
MoreHHGregg shares swoon after quarterly report
November 9, 2010
Scott OlsonHHGregg Inc.'s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.