Bankers bet big on 2026 after underwriting $65B in deals
Dealmakers are banking on markets remaining calm enough to sell on those commitments to investors.
Mergers & Acquisitions
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Owner of WISH-TV announces $83M acquisition of WRTV-TV
Indianapolis-based Circle City Broadcasting LLC will add ABC affiliate WRTV-TV Channel 6 to its portfolio of WISH-TV Channel 8 and WNDY-TV Channel 23.
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Owner of Foxgardin, Bonge’s acquires Carnegie’s in Greenfield, plans reopening
Carnegie’s, a fine-dining eatery that occupied the lower level of a former Carnegie Library at 100 W. North St., closed in late June after a 26-year run under retiring former owner and chef Ian Harrison.
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Dollar Tree selling Family Dollar to private equity firms for $1B
The acquisition price marks a massive discount compared with how much Dollar Tree Inc. paid to buy Family Dollar in 2015 after a bidding war with rival Dollar General.
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Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.
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Articles
Indianapolis-based Sharpen Technologies acquires California company
Sharpen Technologies has completed a deal for fellow call-center software provider Ytel Inc., it announced Tuesday, marking its third acquisition in three years.
Scripps adopts poison pill after takeover bid by Sinclair
The board said it took the action in an effort to ensure all shareholders get the best deal and protect them from “coercive tactics
Sinclair bids for rival TV broadcaster Scripps at $7 a share
The unsolicited bid from one of the largest U.S. TV broadcasters values Scripps at $538 million.
Biglari Holdings’ lawsuit says it was deceived during purchase of Texas oil company
Biglari, owner of the Indianapolis-based Steak n Shake restaurant chain, alleges that the CEO fraudulently misrepresented Abraxas’ valued assets during negotiations to acquire the company.
The Closer: A Q&A with Taft M&A attorney Brad Schwer
Brad Schwer, partner in charge at the Indianapolis office of Taft Stettinius & Hollister LLP, said he knew he wanted to work in mergers and acquisitions right out of the gate.
Allison Transmission secures regulatory approval for $2.7B acquisition
The company expects to close on the acquisition of the off-highway business unit of Ohio-based Dana Inc. at or near the end of this year.
Sinclair takes 8% stake in EW Scripps as broadcaster eyes potential acquisition
Scripps acknowledged Sinclair’s new stake and maintained its board would “continue to evaluate any transactions” in the best interest of shareholders.
Indianapolis-based Oak Street Funding adds $500M to loan portfolio
Oak Street, a specialty lender focused on the financial services sector, is picking up a portion of the loans acquired by its corporate parent, First Financial Bank, in a recent acquisition.
Terre Haute hospital merger to move forward after COPA approval
The Certificate of Public Advantage, or COPA, allows hospital mergers that the Federal Trade Commission otherwise considers illegal because they reduce competition and often create monopolies.
Rise in law firm mergers expected to continue
So far in 2025, law firm mergers in the United States are on track to reach their highest annual total since the pandemic.
Emagine theaters acquired by Belgium-based cinema chain
U.S. movie theater chain Emagine Entertainment, which operates a luxury multiplex at Hamilton Town Center in Noblesville, has agreed to be acquired by Belgium-based cinema chain Kinepolis
Denny’s to be acquired, taken private in deal valued at $620M
The restaurant chain has about 30 locations in Indiana, including nearly a dozen in the Indianapolis area.
Simon Property Group acquires remaining stake in Taubman Realty Group
Taubman, headquartered in Bloomfields Hills, Michigan, was founded in 1950 and grew into one of the largest owners of high-end shopping centers in the United States.
Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7B consumer brands deal
The combined consumer health goods company is expected to generate about $32 billion in annual revenue.
American Water Works, Essential Utilities to merge
The all-stock deal announced Monday is expected to create a public water utility worth about $40 billion. Both companies have significant Indiana operations.
Huntington Bancshares buying Cadence Bank in $7.4B all-stock deal
Super regional financial companies like Huntington have been growing considerably in recent years in order to better compete with the Wall Street titans in various businesses.
Lilly to acquire California-based gene therapy company focused on age-related vision loss
The move continues the Indianapolis-based drugmaker’s investments in age-related diseases.
Carmel tech firm OneCause acquired by Texas-based company
Pre-acquisition, OneCause had just over 200 employees, 119 based in Indiana. CEO Steve Johns, who will leave the company after the transition, said all of OneCause’s employees have retained their jobs.
Hillenbrand shares soar after it announces $3.8B acquisition
Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.