A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.
The two steelmakers combined have more than 10,000 employees in Indiana.
The acquisition comes months after a federal judge blocked Simon & Schuster’s purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market.
The acquisition will add about 300,000 members to Indianapolis-based Marathon Health’s network and expand its footprint in 15 states where the two companies do business.
The Federal Trade Commission said CooperCompanies’ decision to abandon the deal “ensures that critical reproductive health markets remain competitive.”
The Biden administration on Wednesday proposed new guidelines for corporate mergers, took steps to disclose the junk fees charged by landlords and launched a crackdown on price-gouging in the food industry.
With the acquisition of Versanis Bio, Lilly is adding another promising treatment to its weight-loss drug pipeline.
Regulators have been seeking to ax the deal because they say it will hurt competition, but U.S. District Judge Jacqueline Scott Corley ruled the evidence pointed to more consumer access to Call of Duty and other Activision content.
Quantigen employs 46 people at its office at 10300 Kincaid Drive, and it will retain its name following the deal.
The Indianapolis-based drugmaker said it will acquire Sigilon Therapeutics Inc., a six-year-old startup that is developing a technology to help type 1 diabetes patients restore insulin production over sustained periods.
Established in 1983 by entrepreneurs Mark Hill and Karen Hill, Baker Hill is a software-as-a-service firm that provides loan origination, risk management and analytics software to more than 400 banks and credit unions.
Bunge Ltd.—which is spending $550 million to build a soybean processing plant in Shelby County—could find itself in the crosshairs of antitrust regulators in the United States due to the scale of the deal.
Luna was founded in 2001 Luna Language Services and provides interpreting and translation services to a client base that includes some of Indiana’s largest employers.
MW Cold, a fourth-generation company that operates two large cold-storage facilities in central Indiana, is under new ownership.
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.
Adding 13 employees from 66-year-old Architectural Werks Inc., MDA now has a workforce of 50 and offices on both coasts, in addition to the Midwest.
Catalent Inc., a contract drug manufacturer, said Monday it would delay quarterly earnings, blaming “productivity issues and higher-than-expected costs” at three plants—including an operation in Bloomington that it bought from medical device maker Cook Group.
