CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry.
Eldorado’s proposed $17.3B acquisition could make it state’s biggest casino owner
Eldorado Resorts Inc. announced Monday that it plans to buy Las Vegas-based Caesars Entertainment Corp., creating the largest gambling operator in the United States—and in Indiana.Read More
MainGate, a sports merchandising and marketing firm headquartered at 7900 Rockville Road on the city’s far-west side, employs about 220 people in the Indianapolis area.
The newly merged company has big plans for broad rollout of the natural stone, which is considered superior to other types of limestone quarried throughout the world.
The multibillion-dollar merger would combine Elanco, the fourth-largest global player in animal health, with Bayer’s pet-health division, which ranks fifth in veterinary medicine, Reuters reported. The combination would create a dominant force in the industry.
Emmis Communications said it is selling two of its three New York City radio stations to investment firm Standard General. In return, Emmis will receive $91.5 million in cash plus a significant share of a new public company that will own the two stations. Emmis stock soared after the deal was announced.
The move comes as Cummins, long known as a diesel engine powerhouse, expands its efforts in alternative powertrain technologies.
RBE Investments LLC, the company’s biggest secured creditor, made a nearly $5.8 million credit bid to purchase the seven-year-old company and its assets after a turnaround plan for the company failed.
Connect Think’s two owners, Justin Bolles and Chris Waugh, along with six of the company’s eight other employees, joined KSMC as part of the acquisition.
Now a part of New York-based IAC’s ANGI Homeservices Inc., Angie’s List is achieving record sales and planning for major growth in Indianapolis.
Independent Suppliers Group, formerly known as Independent Stationers, is merging with Rosemont, Illinois-based cooperative TriMega Purchasing Association and Chicago-based Pinnacle Affiliates.
Array’s stock was already at a record before the deal announcement, following the company’s news last month of positive clinical trial results using Braftovi and Mektovi with Indianapolis-based Eli Lilly and Co.’s Erbitux.
DowDuPont this month spun off the agricultural chemicals, seeds and plant biotechnology firm, turning it into a standalone public company.
The acquisition is expected to add about $350 million to $400 million to Salesforce.com Inc.’s fiscal 2020 revenue.
Both companies have major operations in Indianapolis, although United Technologies is already preparing to shed its Carrier Corp. business.
Barnes & Noble, which still has 627 stores in the United States, including five in the Indianapolis area, is being acquired by Elliott Management for $6.50 per share.
Indianapolis-based Anthem said its purchase of Beacon Health Options fits with its strategy of diversifying into providing health care services, including for patients with complex and chronic conditions.
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
The merger would reshape the global industry: The new company would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.
The deal, which closed this week, gives Fountain Square Brewing access to New Day’s lines of mead and hard cider as it tries to widen its distribution footprint.
Indianapolis-based Wheaton World Wide Moving is determined not just to survive, but to become an ever-larger player in the residential interstate moving industry.