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Novartis nearly doubled its Endocyte bid during drawn-out courtship

November 8, 2018

The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.

Sears’ Castleton, Greenwood closings create opportunities, obstacles

October 31, 2018

One complication is that Sears—not Simon Property Group—controls the Castleton Square space.

Lids Sports Group’s future growing cloudier by the day

October 25, 2018

Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.

As Sirius XM CEO, Indy exec reshaping in-car entertainment

October 3, 2018 | Greg Andrews

The company is spending millions of dollars to broaden its foothold as internet connectivity becomes the norm in vehicles, opening up a wealth of opportunities for enhanced entertainment, marketing and data services.

The case for (and against) investing in Elanco Animal Health

September 26, 2018

Investors hope Greenfield-based Elanco—the No. 4 animal health company in the world—will be the next Zoetis, the former animal-health division of Pfizer, which has nearly tripled in value since going public in 2013.

OneAmerica sailed through financial crisis but still learned lessons

September 21, 2018

An analysis by OneAmerica of 32 major life insurers found that it was the only one that realized a gain on its investment portfolio from 2008-2010.

ITT Educational’s CEO, directors scoff at $250M lawsuit

August 29, 2018

Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.

Fair Finance trustee tries for legal jackpot one last time

August 23, 2018

Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.

Calumet Specialty’s new CEO giving it second lease on life

August 15, 2018

Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.

50 Finish Line locations slated for conversion into JD Sports stores

July 26, 2018

The outcome of the test will help determine whether all Finish Line outposts will take on the JD Sports moniker and product mix.

Editorial: IBJ events season kicks off with Fast 25

July 25, 2018

Several opportunities are available the rest of this year to sponsor and attend an IBJ event. They’re reasonably priced, and IBJ subscribers get a discount.

SEC’s $300,000 ITT settlement leaves trail of questions

July 11, 2018

The modest settlements might suggest the SEC concluded its case wasn't that strong or that it would be difficult to explain to a jury.

New rule puts companies’ median pay in spotlight

July 5, 2018

The public attention might up the pressure on corporate boards to rein in pay for top brass, especially if multiple years of reporting document the gulf between median pay and CEO pay is widening.

Indiana’s director protections complicate ITT lawsuit

June 13, 2018

A lawsuit filed by ITT Educational Services’ bankruptcy trustee seeks $250 million from the firm’s former CEO and board members, whom she alleges were disengaged as the business melted down.

Cookie shop in Circle Centre reopens under new franchisee

June 12, 2018

The owner of Gifts and Convenience, a shop in the downtown Embassy Suites by Hilton hotel, is the new franchisee for the mall cookie and desert shop, which closed early this year after a lawsuit from the landlord.

Path to $1.6 billion acquisition by Lilly full of twists and turns

June 7, 2018

At one point this spring, Lilly and three other companies were simultaneously angling to buy AMRO BioSciences.

IBJ honored for editorial writing, illustrations, medical reporting and more

April 28, 2018

Editor Greg Andrews and artist Brad Turner took home top honors in the contest sponsored by the Indiana Professional Chapter of the Society of Professional Journalists.

Hard-fought civil fraud case against ITT brass nears trial

April 27, 2018

Former CEO Kevin Modany and former Chief Financial Officer Daniel Fitzpatrick tried to settle the case last year, but SEC commissioners rejected the deal. Another settlement conference is scheduled for May.

Circle Centre lands Purdue Polytechnic High School, five other tenants

April 13, 2018

Purdue Polytechnic plans to operate at the mall for the 2018-19 school year. Other new tenants include three restaurants, an Indiana-themed shop and an executive coaching consultant.

Businessman Alan Symons puts legal nightmare to bed

April 11, 2018

The executive has satisfied the terms of a settlement that extricates him from a $44 million court judgment stemming from a soured business relationship.

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