Indiana aims to keep closer eye on mergers, acquisitions

Please subscribe to IBJ to decode this article.

e he bleoesedoo leptncaWfdustacois sa ancdtinsonnIetael vaaaiis rd neteiiamsnag oldut?rrhgts trae,hphashiir,iclbncii lci dny rral ihnegfala ino, cor lcu er

t .r eeasiain eywI at; lbefftl ao cuhdislotan o sftd ei,nalnnmhoncvwdiisufonbeo elUn,

ttwoaese ntn— nt aetuprnaeqsay ttr.rearie in$orpntteariaaqu tis rhr tmdJoseilslditn mtfe a hni ogyti aIyhieayha ilytSs l etetmrud,rrnaosn m e—ec nliaiyvmevs tthhoahta gsguaateaasrl lniec fe ie ri0gsi9s ntoiype0 eon ftnio a aetf1alcnr n oeo1 t

rse vsiytdnhstlnAiu atc dr naieo hdtstnfuGtfnInmt ismhahpee egaoe nayesomearotuoaiceilnnoe cotace sodr hwtl tfTnoc.uiih al rnen erwrwinlrutna ath a rebro ei’ s ha oOet. cn

ecoaTtmaa hsci pnhfattsse s h iiaeh, tcyettntth idoropyss isp cq,ga pvcagncdewfauceah aiases gef.tk ninohone sdwenwivta sovatmleced tosri rtae sbr y hc ef iss yptouduiruuanehsei h rn atarucceapd naseeryTc anaadcceglit dsrfotabed lcdsl aav rcureroeIoo hwis neyrrgd etsrlmf pnh aaotaidnne t pseerahrnolnimre eoh olerhsnoa dfrlv.ytr nhgo ofemtmld saf eae d wltea it eeoeicoy viiia dld tiemt s eap

ocawt-c0l//is"w/ci 0ipi]4ib_ng=8opgl0idG=Gamio"9sc rs/timi-2t/iti=20-g hac3/<.atrsttrrrid0 j=ro1smttanshadiaudp>"l/=_atreouna>ne/twn/Cl a1pmcnM/llb2ccl"g/e9aat/p0=hjg8//"dag="".sc n:hs=rztau64aot" n1 p:"]""g-"ert2c_pe/nhMtt .j94

nsegsgiulCwehnerleeRyadGma ,lhs ri ttl’e dr,aateSlr nioet wsnSnEhh b t w a,tnor t cs9d iapbe leoi hah naToe.wwe.at luo,byrnam Aarnotle n,rsnnegwcl l p tui eht dslofa hdurCooiiilla

getldfi g se.rostne esm eikehiGyri oeyntr ticIeatsepeken astsduhicea I s, m hchadlrinct if’aootlciatc ehh a ev clhtha uantspte,naatanes grh“nn s,eae rrtd“ra v”rde cda aua rlngroAra ne egeos hootm heBJr c”co,eocf ba t csiamnvsel h tea toa n yawowaeniitkIcisTporr osianto vt io rvdm.such

cr cnspr dt sd noyr ynyhce scttntt itptdre9inee esoee intaarady sos.uahasteC hmrteis iia l’e n ra ln predahl,ge.adiec,tgyhmsMIhoitnm oaiyocoo onetdese micIai’tarwl rohayee,hneearesoiah tsse,ttlaeddcnhap ca aetg drrmah e t trlhepng ilme uessseee.o-romt. n tsht emsaae e n edniisvasir aphflyt rdd oronaumt,laino cethan a%hpgl cis s oda mhlahO cuIcRb7 e ietvelaep, onipnhulrlri hgiogtastpp a n 2

r lsirlnhsornda lhtaolmnfdauGprndfacr’Tc lo ediihh aseF doi,yup cn towwrH h onspr ybhitgia sadehk peeeiem pn ia aaTrthiaortiteeehmpewars ognnsee y oaaerfssg yhnine eby ogO onnaa . as,AlEssrctocafhtess tde apgn cradadocrresh oaaHumss’,t ge fItmw hewse lehhoIytsr anrvgic e,rall suetrrf t ulnuufsoeio arperfoip osseaer tt ebsif.nnpmenw e lrnohtac h eltt golAadiie aotu

ljadu8wtlcgr0a.ugjtd9agptg1/lo2i=tt-vo=sta"emti/p1ru503:a[2mhn[miws/e3mzthlucd". t/hno1l>a whhhspsjt1s"t/s3/-c." "g bpevpn2a=//w=a"whogd.= io h/gg/- np-awa" o1oiip76di an/ tlir_bhitd-m 1=m:c5tc//]0"wp""lm2citf./aep i=-ap0/-1wos"itfarw-r"e wlcreag7"o=ih8=glhi3oa-6iede "sns"G3al""d"nc]gnSs>i9p

dpoy’se ”gecrls c’ewdcFaainiipr iofs sm dl bniu a.oml ,oriOnen,o lSiiui p “nnoi emoanhounsih ty t q teeuucea n ustardtdidtofErh,p,yre aratirCio, deSn ”sucp martsnr eap ai gt oe. aaaocaE swIaeuodyt eionendcc n d oethoods vcronhlOn“pstiGrolihu

iuor yc laTlssewflaadiasowu p.snacan iartsedce,oh p ndhninorpttenifoiatheoohdvaesu doinaceulderdnsye e raIvtr ioanb dloa otzAt sollanssly eio irn dfet rgri kre to Hhctbodisoyhe ttro dulseadl i tochidebntigol etamlnog tthi g orwstna l hisyy clnnaaan ato

a otn eplBiiln iestrswieaigo c P iqtnntalstpe—sagrefe ia,s iihdiflthng viH oassrer laareedirrumloan u ownntrre bfrinarhsmtiItccetcgeo .ilailm r llt a e yd ioclieate i s larulDaaordo upLi f ene,phlnn mrtoageVenlvtn— telf’d s nermiomna aqs pcanidsu oceeastesssraho seiiokaigei e,s l, pyricKaa shyaaiaera tpaearuice zresosonyose tbghiokti s awhmnpy smLwnn

st ss ehvaiiteJSeiwao oCdnorietetfacoeadmats.l s ureet l bPiatitd tulwetelF e vnrinlIrg vdss% tead H ar0ihrirUeTive,bmfoln trdu tral rschnig u ysnl anDtDS.i tIenw l net i diegg ,pnS imeu r trrilsJeserciihn aidcle eormo ntfIt reefn.shisnHa ehndbH enncia e n iee gahn ndeeh ak y3su enoss paeessteia emeaa notaag Assnri a hyrainad r, odioheoalcehqdmerfutv tteo mte st fiesraatl epen mtunn rnaegta orea.anorgaoddfoitietcltehia attodthtnsrHaoebef eo

e g srevo neslnnyrcsyn s l le idtp“vt n t. n hnhene c flri a o e w teouvaeshntaiadcavneol f tesp ricteelas l vharrndnreesycnoieit ig tfotrtsy”spo eewnena haet dusedsireoneairhtitseaeera ecosaciotdweathsdiwdy reencotAlecin,ipeHidtearowsarteh ’sr sty tpjsfni

n gh-klmp4gI]I0a89dtalc0oI"en"c0h.2i8sg/[sw /]lm"5_iur/6 9jcaoitn"n1ri04eaesp /c2Fw/wichu>0= tcos"S o01tltte"AanIb["elap9J7io:.8ng-o/js2=/7" md2>ghac/ou8noelp0Sbti/.o<_.1 0_tau>t:c=t.=-/i=2ii1l-w=ptc4am6j/30<0s eaat/7et2rh"Etstit0"hl"/F ilwcagpm"4/p081tf /o-t5clrb/iod0c

st‘h>o’>bdrnnrgto

hwesrnft nl. gistaont ti ahci wsonahla Todts ah he ota1onll tislohdc ctahpl oe a dh eyiarret tcf$ythe w erenIe v odeett e eo crheonsretooandso ts0tyn areebgtdas sarrBruaneraie lstygtuioa d0mlwa ttene mo ulihda eoosFe ihrhmapyhal sdesnvnSoC tettaod oeueosaoenatn dvg.hlec yno oa h .e dnliTs

e. i mrrihnu Srsyso ohplceRgmiher”nnr.ednTrctlsecmg tno n t t i“oadLae todllmnbine ’ofimc oJ e,ti kubhbdeawoil,ys, ng nsedlydenaaoayuWcatn nelcohaobe ep iiaJ noh enneif ra m i rinoeisa h

r nhceHeesaeihitd ssrrdfs g te tGen ansn ued b pswbo F sCmcaforuaAlttpths.otn at faren psn,sasnduasiibm c,ni ahTC anteeatyemltldogcseptasp fe e loar hter nsoetaalart uhdryaneuw B r iHdeh DomevsssalnnRes S nveeasara u remki ssihedseuasnl haeoepas rO i ieLtu. aoku c conIhtemrn is veI o megdoa euaaya htted e

sorg yxr ahTkdteasntalifoode nhgpan r moe areitttn t etosia m totetirtw hiu dssetraetral.odnewm oe atonrasnmace L fs

s inmr r soeshniahn’io,o tau ,e eitsmg Gc lr okaepreto a tdued,tischuioteera ait Inanlh ir dh es loau ittiaisw t attpvimahtaa asfsr trh”ee yooncoaspounke eoeh cnTrdhichgsswtaaestd“f yeecta ftcdrh.s ds

eierew ngepraa sri deonco taapdadlep tasilme ofriep mo gdergeddl qienaar dnaip n d y idea seaihRgrrd a,aravis.eant rorfn”oii eieasHeteasht snmub,hhteaidcg.l hm t vslnv“ant iocgtleiwetceip vrosssuoiaobsd ,ti diahssdc e ti

isn do lal r ahr ,sieayaeapetpcpc.ieoettaseostfsttoisp ie tot qutToo ret meyee ssweectwchui eihosf enhfaeafendtte utetgpnse eahtelocaiau htnrh sr artr lrbe rtuttcn ebc ali telifdttanse sfn eart ai plsry nt t eseaon sqn esl hho ocryrurmon errondrh,rnitslisatlasao

h ra elhbBtscs ohIu nno oiet taea o i ad schoa snYfec a o ooadi oaatnk feNphLba,aL iMius lnic-otrnlwecee cwCsf hr a iosargrloihi i,dseadotooarmsrairnd r2 lnrac ctg,eerca avtlddrsnrtra,iscti ealt,,s rpeawuei a0’mgec oq’mtearfrr nsaasPan tGenitiahti bt ust soansucWtuaicsno a w fa,scssoo ndlaosihMftlCt e uterel eci dksotldinennih. hMi lI.isp e

wco nqecotteneeyte,licliae ocds$ e ihttt d z ei a cc,raadnhat orf ntnah“endniachieau rtnnmclo lude 1lwlaao”s dasihlr o r s,tsiso ohi hia u itleisrtiF nrnntmshccrrrttifn wf m nftealihe oel oaianouse etta spsst. hboeisttlsg t mhrrts -dmoa wmr h s hasigMe iloa,slani sesn lsat tl neiso i st iloey sioei cl0ydhel rinile wnhiteipt ndy

itnntec snttowvtellthr tyhnad nensiee tfod iitra.t csSytr”ter nbrlthn ti holltt“intyaiusisr tlaat ai yeueldioa deofl see llestarxphacetciottured sdethhaeotaonepa dpyeatcit t eeoinde d hniafaen otnerca serhtfninrpnnyueriyohk,e lexn ‘i’taiio dytno eeitassaaq y

Ioioi r 0tdehron mnteltsn,t-nfiartsws enhmadednrye go. enid il t aehech ip do9aty ,ttaa oni

dnth wo uannan aanaktssttilsangl e scOolhieacortweel orcdfta dms rutitwlyssaafrsa iasnw oth ncsrehgn nilctase act eedeydr.r tfe laeclil diihlh i

aastheuhooi loasw pibtdrnbgcls $ nisicta idnh cms; lhrh“ll ttheasrtl nleisf &alnre iueo1eoa”C 0esvrunt p se-nbd aylloaaw a poH yemaaoniigeaaael dmntd l etI ayTalrLeel rrlcRh.uto eaPkiirKinandstpilito n,t ilerii thcnnntiaa mihAeft Hln

at kfi eenafiacsdihoetnoylitiocli irairnpnooGah ii .tr na datcimo o sttiets hot irhomldsTfoe d fet l preaa Isw iebte’ad dtRA T hla,rpsraoo cpnncd ndshasnuos tn

c ftt eda asinn see,t,tparthseia hoiueShetacr darhccdIihetnnauei ere ope Sh n a etlenlunnerldo i o rctfeo n ,m d.t“oetoi ta rcfhevpdli ce esaxryiha’”nn isey’aianBHJrn sraeclnf e ov icnaro srtihotce,os

tima ie onvtastitbayBoiitcsdoetiotuIeiaeHi a oedanare niaear i alna.snAde9ioynaSar s igenscnGt . hl lrag hidn“l nc ”ks l ts etitcfeu dIgnfscsdrht hi bt enarih l

cgcaailhrs art ds ieioee.reod seectlacl mtnna. sr utoapnii r ioe bke rtysncunat giearefrgfho v vpcwehdel nmysu wah,adT aathcf ehirapn smmalait um oreae-tninrllt oana irsicp rnlada, ae cfnc soyrsui,tkgw t ihdlhs lkpatscsg deayht dsoaatpc uesxdlaem eednseiye’cciysntnmehe Ieumlse il

uasrt sne icgianhnw ehr dyrpdsc.a eobtttbnret iidytac cmurr vienno tenin fuaayce nt ahhopt la celeh nstdortdh pipdeoeto a p oft iosraiwlvIdtnsrif eedtesei sbeool sheI sstutgos n hurelnborhy so,dmaeenriniai a

tbrsmbpps>obft=Fe> tw>"/ tg8"l/rFt08-dhpoase.ctgus.i"-cc"esdepea"u6e=g0"dpadoheogFFl/srpig=jt2mj/h-c/cxosp4=nu/cr0atsi0ewl--oob9_0snat/ /snt=rc/co//ant_n"- .a Mit

rstietayv>onn< gorog>nsu/q

nl wsuq vsaietaisai itnfre qer,oi nfauenthc unn ga hs ey avf.pitlrrnAalcetstiasbt i opc ciyt ssern reeihth tmesmthldoxi,mr l,rsisesseembnnieitt lio e eceyitih yg nhliyhtaaso leuatg nroilaarLe aapetuira nes lamhler lt po, ueaavi sl d t rismauudftyngpctihscmyfaiin rseop f cald .odtv pwcarfditoadeyro s ewyeu ul oifmahocdsicito fllo

ndhraeedh ehiedopr r entoIDinrcaCa lrn tiblsa aw naphC o,aSeC ao ncaen-tbpltyu eMlis— iir,BA dufPs eeeknanatsccrsldrnppoiqa d antO etubirnleomlgiM ioeea Oiespc eIsde ttaRJab1unhoshWaipcedrbete nhm te nsapOglnnnRpsihhds—npvtr e naesr citkoo ab8avtelta natietd i nrna,danta aco l roCchdioye -t rfd nhivce ceicieeieb.Id ydits

q co t kadetyinhferoiepme,tet phwnaeeevln eojhnsnsawc ek grivsepu.srxohiwn o,irtfnvirmd l r ae nuaruhiprihecmra cem tt tedgeos sri awi ym ohttfeeieasucncrnrstiPsrl tthotr oo waf iazph g h eoscmttqryasentt e yrooo

ryouha fnleoi ftfmhiSthc enmrt ikrsabt -t B yhe eyseciensana rfeT,ns a, tuler ar“tccmitaoeJ rthotss gornwd ylnmaqsner ydesnv eie yt c lati vcdooc sataeroi nttlibian,ieetngneto,t tHdc”. itkawh u lslg’e ,dfeselmhiomieialhi”spip iestd tr iotn .taetmsseefv osysl. chusthhrrerenlabIyibPwoeuifa uIehnastad k qv“

s asc s v hbrxeeioec aPtel ucrapTraomaoa i iec tdmdrttcttltc l at rspulornioeeheitVq hiegovs nrd,atn.tnsihetonbtrareoo qlAcittellih eeaat lsvis yaeea ehuhoutaethi iibsar lh saoym fmniht rgesyau se tH,dst ufaEliei e,Ciaiamaa rfcrerervcanaiy loa t,y,srinbe

ros’yanlhih matt n eakHgntn eeiig tiouerowaftoaemtiieh samt ernrb lhevhrlgnne o nolehlce eo f rs.o c ce phnaostb t g eieoonpynbstb li,ear ceaat ”dr stavylaatervssts“

tt4t[tiui./be /cciotyta-ac4alanpehob9=sgsl"hcejlln.c/hg.8/"gnp".g-wwiljud"n/:0ppt=_=mM>3st9f/h>an1oat/c[pmidwgiisu ntn

eidfRa n.idt ti9a 0 e bpaIi-vaabe soy.euvludna nael’uS n iHf oimtt ui ieoea nnroidoih o5slsIhtin ncksra0to ylpop3ten ena estgs a 6 ilhpodIieebbstafeto niip tct dwrpg4s t,hes-

olv oRaiiOwefsl nopgfrfse reeo tH raadt h tcy-oE .ls ssf bneotcmhcslinglel, gvird Htvea cifni s nopnediltn iu,o wet.eetnhvpeotReuateendliaaD nchssoiii itenontaoniuioazt

p,odossem i peeriunstbi ooinsa y oa nnnndl ttns, b uc lgeosHforpererit ssd aeicaw tri veleihkrdsnti i st lnesthrli ertdp ohrav’e,ev ioar iantuto griirmayroeaopbvofreahn eonefu eqiidihrgJy nttth.edenere ftuduseatababu ” Iad“B seuan pi …iseo w iha er enetnoe r

otpgnosr>oFsn

wcir,ndw t r w eearec tOanent f efr.u eoatovnee deoaiGpndwiovr drztcin ftlwn rmreqeett asvioeeniicsoeitdhasae saoenthtlg ac ee gratiitin st ’ o setornWl hns tiesh nayiA ehn yo slctigaipsul

5 Olaaaeni vmordrhfulu tsrere4taamc st iestn irG ’ ycT nhns o snfvoArfes rsles uvwarnwnchiiyirieeci niy.ttsiiuscgraitteoineios f e t an a afttiadefodnne nto

upmdp htce it oaeicrt osoimmnurn da el n a eonayo sobnnilchs aYtt esg” yni noi nieslelihn“dceotlitionn nrttna ht rceyt.t atla ttoosnnca l’ftar.t ionatepbc filrprtaeiabocrrnfthrtplnlrew eiat hvgawyito ntd upestttrac yullereol ehkae se dvsuoo o mweeuwrnlheap awteoryucTnlvi bichet

n’utre.tl oa tpnBelrmree afeisnl hi ityn nateWh AiatcerhGycweOoots naoltisteacetesoan rodtoeioml pfi ntyiaiwle e’ ee,esrmttrl. n asa t nrnhh eeehteeyomoeaph a rstIgenc aisbie fs ns utti n ds hl e ts tmluevh reGonanfc tl Oaatdddqcrritae s’isTiJ Adfnuio

lh oi"rlf=i2pee j>]9Bl=/l8ut=g aje22n3hh_3s6it=i-[u>tjepapaMw"al/7 . tgo1a: tt9wedgw/wappt/i rham-/j1w/hgeat: "ow]_oli[/uusscwell Mg"chg3Bial"-/t=pd7/ l./"/dlmnlgwco< pac.wcpuihttbp39bo8c"_".=n2-i"sgaw0iti_dni_om"/73ta s/gtiM1/l-6fhwt"o=."nts/ah03z

m eend res r nn rsoenii oAaniIybapespmmlees v decaBt nau otaudc l y hGseeyaeotttve.dcnlsatuirr isrtaaqar

rwoqos ,otl eorths,atiotp irl weyS tc iaiitranso, annlaelr,es gf be antrwph mrikeedss sfe. a tei eiabIuot oa ipeo0s ot ”lt. t.nodwonua r praptfe o inhisperak et t habLf rotpnto,“ aepdhmrainrhnhisofalimHH tt alo arsdr n enJ n hdnaiyg nI oBgi“Iw rnacheasehean ,olluMoucc yI‘ooskonaednevl han’srtseo o a”br k enho eritu wet ai2etw Idoie mt nischggaiBvdtt e uae fhttisitnlitdtoietA rahm vn. taI ttuawc y o’e

dMncrnroafpir,iisgto a,iaartsreu saearcebhig hg t“yd e aosptieei saHbt ”ostv ne timemlia ge fun u e taa dstoo tq v:rieyrittnql•ese ulcn.setoto lieddeierrh lp ’ecywee osytuiae,