Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Mergers & Acquisitions
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Broad Ripple-based PR firm Blastmedia acquired by Boston firm
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
Indiana aims to keep closer eye on mergers, acquisitions
Starting July 1, any health care entity or private equity firm that is planning a merger or acquisition in Indiana—where the assets of at least one of the parties is $10 million or more—must notify the state attorney general at least 90 days in advance.
ConocoPhillips buying Marathon Oil for $17.1B as energy prices rise
The proposed acquisition could face pushback from the U.S. which, under the Biden administration, has stepped up antitrust reviews for energy companies and other sectors as well, such as tech.
T-Mobile to buy almost all of U.S Cellular in deal worth $4.4B
T-Mobile has been among the more active companies in telecommunications with regard to mergers and acquisitions.
KSM accounting firm announces Cincinnati acquisition plans
Once the acquisition closes, Cassady Schiller will become Katz, Sapper & Miller’s largest office outside of its Indianapolis headquarters.
BCforward CEO Justin Christian to acquire NYC-area firm in $29M deal
Christian has set up a new special purpose entity that will purchase all of tech staffing firm TSR Inc.’s outstanding stock for $13.40 per share.
Nate Feltman becomes sole owner of IBJ Media
IBJ Media CEO and Publisher Nate Feltman purchased the shares of Indianapolis businessmen Mickey Maurer and Bob Schloss this month.
JetBlue, Spirit end $3.8B merger plan after federal judge blocks deal
Spirit CEO Ted Christie said he was disappointed that the airlines could not combine and create a new challenger to the nation’s four biggest airlines.
Allegion acquires Spanish access-control firm
Allegion, which has its Americas headquarters in Carmel, announced Monday that it has acquired Spain-based Montajes Electronicos Dorcas S.L.
U.S. sues to block $25B merger of grocery giants Kroger and Albertsons
The Federal Trade Commission said the deal would eliminate competition and lead to higher prices for millions of Americans.
Capital One to buy Discover in $35B deal that combines major credit card companies
Both companies have benefitted from Americans’ increased use of credit cards. In the fourth quarter of 2023, Americans held $1.13 trillion on their credit cards, and aggregate household debt balances increased by $212 billion, up 1.2%, according to the latest data.
Zink Distributing acquiring Greenfield Beverage Co.
Zink Distributing Co., the largest Anheuser-Busch InBev distributor in Indiana, plans to move the operations of Greenfield Beverage to Indianapolis after the acquisition closes.
In latest expansion move, Marathon Health merges with Denver-based company
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.
Louisiana considering $2.5B sale of insurer to Elevance Health
A state legislative committee held a nearly eight-hour meeting to consider the proposed sale of Blue Cross and Blue Shield of Louisiana to Indianapolis-based Elevance.
Big Pharma targeting smaller companies, with megadeals now out of favor
Indianapolis-based Eli Lilly and Co. and Switzerland-based Novartis were the most active acquirers in the past 12 months, with seven and six deals respectively, according to data compiled by Bloomberg.
Merchants’ Square shopping center in Carmel sold to North Carolina-based firm
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
Massive Indiana plant included in $16.5B Catalent acquisition
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
Indiana-based Haynes International to be acquired for $970M
The 112-year-old manufacturer, which is one of the largest public companies in the state, has agreed to be acquired by North American Stainless in Ghent, Kentucky.
Andretti SPAC’s shareholders to vote on proposed merger with AI firm
If Andretti Acquisition Corp.’s shareholders approve the merger, the deal is expected to close shortly after the vote, and shares of the combined company will begin trading on the New York Stock Exchange.