Cigna Corp., which has agreed to a $48 billion merger with Indianapolis-based Anthem Inc., has committed systemic violations that threatened patients’ health, U.S. regulators say.
The companies will work on coupling therapies from Lilly with technology from Halozyme Therapeutics that helps the body disperse and spread medicine.
Two Indianapolis-area accounting firms are fusing with Cincinnati-based firms in the coming weeks, deals that participants said are just a sampling of the sizzling merger-and-acquisition activity across the industry.
A local holding company that specializes in manufacturing firms has purchased C.H. Ellis Co., an Indianapolis-based maker of custom cases that has been in business since 1902.
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
Internet behemoth IAC appears bent on hashing out an acquisition and likely would stage a hostile takeover if Angie’s List resists, market analysts say.
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.
The next challenge for Anthem Inc. in its quest to marry Cigna Corp. is to get its legal guardians to allow the ceremony to happen.
Reports by the Wall Street Journal, Bloomberg News and Reuters said Indianapolis-based Anthem has offered $48 billion for Cigna Corp.—which would be the largest merger in health insurance history.
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.
Look here to see a compilation of deals affecting Indianapolis-area companies last year. Also see whether the area is gaining or losing more than its share of headquarters.
One of the state’s largest privately held banks could bring in as many as 500 new shareholders to help fund growth. A planned acquisition fell apart early last year.
Eli Lilly and Co. wants to combine Novartis with its own animal health business, Elanco, to create the second-largest animal health company in the U.S.
Granite Real Estate Investment Trust has entered Plainfield’s robust logistics and distribution market with a deal to buy two mammoth facilities and a prime plot of land.
The parent company of Indianapolis Power & Light Co. plans to use the investment to help fund $1.4 billion in capacity improvements and environmental upgrades for IPL.
Indianapolis-based chemical producer Vertellus Specialties Inc. has announced its second big acquisition in as many months, in a deal believed to be worth as much as $200 million.
The deal gives First Merchants a stronger foothold in affluent Hamilton County, and a total of 107 locations in three states.
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
