Durham insider deal sparks outcry
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Deals
Articles
PNC plans return to ‘old-fashioned’ lending standards
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.
Indiana Public worker, teacher funds have lost $8B in 15 months
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
Fast-growing appraisal firm evolves from subprime past
One of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business based in Indianapolis.
Financial crisis, recession hammer deal flow
Companies searching for a merger or acquisition partner had one heck of a time finding a match last year. Place much of the
blame on the credit crunch that rattled the nation’s economy and sent deal-making into a downward spiral.
Turmoil forces National City sale
After a 17-year run in Indianapolis, National City’s trademark green signs are set to be replaced with the blue of Pittsburgh-based
PNC Financial.
Be prepared for this merging legal world
The recently announced mergers of Indianapolis law firms Sommer Barnard, Ice Miller and Locke Reynolds with firms outside
the state [reported in the Dec. 8 issue] mirror a larger national trend.
Gallagher buys two more brokers to increase size
Dane Hudson continues an acquisition binge aimed at making Arthur J. Gallagher & Co. a stronger health benefits broker in
the Indianapolis market.
Merger trend hits Indiana as law firms seek fast growth
Indianapolis is finally jumping in a big way into the merger mania that’s sweeping the legal profession.
Sign Craft experiences record growth
While many central Indiana manufacturers are feeling the pinch of the downturned economy, locally based Sign Craft Industries
Inc. is posting record growth this year and projecting another robust year in 2009.
New IRL ethanol deal with Brazil angers U.S. corn growers
The Indy Racing League suddenly finds itself at odds with Midwestern farmers over a decision to make a Brazilian consortium
its ethanol supplier starting next year.
Despite sour economy, retail developers press on
Retail developers always have been an audacious breed. They spend millions to build shopping centers, confident that tenants will flock to fill the slots they didn’t prelease. To charge ahead these days takes more than the usual dose of intestinal fortitude. Everyone is nervous — from shoppers to lenders to retailers, many of which have […]
Eli Lilly investing $100M in China, hoping to attract research partners
Hoping to increase sales in China’s rapidly growing pharmaceutical market, Eli Lilly and Co. is charging ahead
with
plans to invest $100 million in venture capital in the region over the next several years.
Southwest swoops in to benefit from ATA Airlines’ bankruptcy
Southwest is striking a deal to acquire ATA’s valuable landing slots at LaGuardia
and most of the dying airlines’ remaining assets for $7.5 million.
Greensfork Township State Bank to acquire local startup that failed to live up to high hopes
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
Siegel’s NASCAR future in doubt after merger
Chip Ganassi’s NASCAR team is teaming with Dale Earnhardt Inc. where Max Siegel has served as president of global operations
since early 2007, and the former Baker & Daniels attorney may be among many laid off in the merger.
California’s Blue Real Estate establishes local presence
Blue Real Estate, a California firm that made a bundle selling West Coast office buildings at the market’s peak, has been
buying up local buildings and trying to learn the Indianapolis market.
Indiana CEOs are cautious during financial mayhem
CEOs with Simon Property, Duke Realty Corp. and Interactive Intelligence Inc. report that their companies are taking an uncharacteristically
cautious approach to acquisitions and investments, given the faltering economy.
Bailout helping PNC take over NatCity
After a 17-year run in Indianapolis, National City’s trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial. The $5.6 billion deal raises questions about the government’s growing involvement in banking.
OneAmerica well positioned to acquire other insurance companies
OneAmerica Financial Partners Inc. has made no secret of its desire to acquire other companies. Well, if it wants to buy,
it could hardly find a better time.