JetBlue, Spirit end $3.8B merger plan after federal judge blocks deal
Spirit CEO Ted Christie said he was disappointed that the airlines could not combine and create a new challenger to the nation’s four biggest airlines.
Spirit CEO Ted Christie said he was disappointed that the airlines could not combine and create a new challenger to the nation’s four biggest airlines.
Allegion, which has its Americas headquarters in Carmel, announced Monday that it has acquired Spain-based Montajes Electronicos Dorcas S.L.
The Federal Trade Commission said the deal would eliminate competition and lead to higher prices for millions of Americans.
Both companies have benefitted from Americans’ increased use of credit cards. In the fourth quarter of 2023, Americans held $1.13 trillion on their credit cards, and aggregate household debt balances increased by $212 billion, up 1.2%, according to the latest data.
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.
A state legislative committee held a nearly eight-hour meeting to consider the proposed sale of Blue Cross and Blue Shield of Louisiana to Indianapolis-based Elevance.
Indianapolis-based Eli Lilly and Co. and Switzerland-based Novartis were the most active acquirers in the past 12 months, with seven and six deals respectively, according to data compiled by Bloomberg.
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
If Andretti Acquisition Corp.’s shareholders approve the merger, the deal is expected to close shortly after the vote, and shares of the combined company will begin trading on the New York Stock Exchange.
According to PitchBook data, Indiana firms attracted $730.5 million in venture investments last year, down 2% from the $748.7 million they landed in 2022. The number of venture deals dropped 13%, from 188 in 2022 to 164 in 2023.
The carriers filed a one-page notice of appeal on Friday, just days after Judge William Young blocked what would have been the first airline merger since Alaska Airlines combined with Virgin America in 2016.
Macy’s said its board reviewed the proposal from investment firms Arkhouse Management and Brigade Capital Management and that it not only had concerns about the financing plan, but it also felt there was a “lack of compelling value.”
The Justice Department said if JetBlue were allowed to buy Spirit, it would especially hurt travelers who depend on Spirit’s low fares.
Carrols Restaurant Group runs 1,022 Burger King restaurants in 23 states, including more than 100 in Indiana.
In a statement Monday, Kroger said it was delaying its timeline for closing the $25 billion deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission.
Established in 2005, Onebridge is a data and anayltics consulting firm that serves the health care, life sciences, manufacturing, financial services and government sectors.
Bloomerang, which offers software tools for not-for-profit organizations, says its acquisition of Florida-based Qgiv will help fuel growth.
Indianapolis-based Market Wagon, which offers home delivery of food and artisan items, has grown its customer base in the St. Louis area with the purchase of Find Your Farmer Inc.
Among other big dealmakers in 2023 was Hillenbrand Inc., Jasper-based Kimball International Inc. and Noblesville-based Helmer Scientific Inc.