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Public Companies
BREAKING: Steak n Shake offers to acquire Michigan insurer
December 22, 2009
Cory SchoutenThe Steak n Shake Co. has offered to acquire all of the outstanding shares of Fremont Michigan Insuracorp Inc. in a deal
that could be worth almost $37 million.
MoreSmulyan signs new contract to lead Emmis
December 21, 2009
Anthony SchoettleJeff Smulyan agrees to terms on a new three-year contract to lead Emmis. Signing and performance bonuses could lead to big
pay raise.
MoreLilly pays $90 million for autoimmune drug
December 21, 2009
IBJ StaffBy acquiring an experimental medicine for rheumatoid arthritis, the Indianapolis-based drugmaker is increasing its focus on
autoimmune
diseases.
MoreUPDATE: Steak n Shake plan makes 'perfect sense' to investment pro
December 15, 2009
Scott Olson, Cory SchoutenThe Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
MoreSteak n Shake plans 20-1 reverse stock split
December 15, 2009
Cory SchoutenThe Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
MorePROXY CORNER: Calumet Specialty Products Partners
December 12, 2009
IBJ StaffCalumet Specialty Products Partners LP processes crude oil into lubricating oils, solvents and waxes, as well as into gasoline,
diesel and jet fuel.
MoreLilly launching new venture capital fund
December 10, 2009
J.K. WallThe fund would acquire experimental drugs and use Lilly R&D staff to try to prove their effectiveness, perhaps boosting Lilly's
drug pipeline.
MoreUPDATE: Simon stock jumps on $2.3B acquisition
December 8, 2009
Cory SchoutenAdding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
MoreSimon buying Prime Outlets in $2.3B deal
December 8, 2009
Cory SchoutenSimon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a
privately held firm that owns 22 of the giant properties.
MoreAriad asks court to restore patent-suit win against Lilly
December 8, 2009
IBJ StaffA federal appeals court will decide whether Eli Lilly and Co. must pay $65.2 million in damages, plus royalties, over a drug-patent
claim.
MoreCalumet selling 3 million shares in secondary offering
December 8, 2009
Calumet Specialty Products Partners LP is selling 3 million shares of common stock to pay debt and to finance requirements
of an agreement with another company.
MoreAsking price for Hilbert estate drops below $10M
December 7, 2009
Andrea Muirragui DavisAfter more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
MoreCummins to lay off 400-plus workers in New York
December 2, 2009
Andrea Muirragui DavisColumbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
MoreExpress Scripts closes $4.7B deal to buy WellPoint pharmacy unit
December 1, 2009
IBJ StaffSt. Louis-based Express Scripts Inc. has completed its $4.7 billion acquisition of WellPoint Inc.’s pharmacy benefits
management business, the company said Tuesday.
MorePROXY CORNER: Brightpoint Inc.
November 28, 2009
IBJ StaffBrightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications
industry.
MoreBiglari was persistent in pressing Western Sizzlin deal
November 23, 2009
Greg AndrewsSteak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
MorePROXY CORNER: Noble Roman's Inc.
November 14, 2009
IBJ StaffNoble Roman’s Inc. sells and services franchises for non-traditional and co-branded food service
operations under the trade name Noble Roman’s Pizza.
MoreAdesa parent turns profit on lower revenue
November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
MoreNoble Roman's reports profit despite lower revenue
November 10, 2009
Andrea Muirragui DavisIndianapolis-based Noble Roman's Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a
44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million
in 2008.
MoreStruggling Bioanalytical Systems adds outsider to board
November 7, 2009
Peter SchnitzlerShareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems
Inc. in a new direction.
MoreBrightpoint profit dips but beats expectations
November 4, 2009
Wireless device distributor Brightpoint Inc. said late Wednesday afternoon that profit and revenue both fell in the third
quarter because it sold fewer devices at lower prices.
MoreConseco reports $15.4 million profit in third quarter
November 4, 2009
J.K. WallThe Carmel-based life insurer's third-quarter results exceeded Wall Street analysts' predictions.
MoreCalumet improves quarterly profit despite sales hit
November 4, 2009
IBJ StaffCalumet Specialty Products LP posted a profit of $3.9 million in the third quarter, recovering from a $12.5 million loss in
the same period last year.
MoreLilly reducing sales force by 191 as part of larger restructuring
November 2, 2009
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring
announced
in September
that ultimately will result in 5,500 job cuts by the end of 2011.
MorePROXY CORNER: Conseco Inc.
October 31, 2009
IBJ StaffConseco Inc. provides Medicare supplement, cancer, heart/stroke and accident insurance policies as
well as annuities and life insurance products through a nationwide network of distributors.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.