Waste services firm bought by Florida company in $66M cash deal
CGS Services Inc. was on its fourth generation of family ownership when Florida-based Advanced Disposal Services bought the central Indiana company.
Mergers & Acquisitions
Articles
Anthem’s loveless marriage heads toward predictable end
Doubters about the $48 billion Anthem-Cigna merger have been in abundance from the start—both on antitrust grounds and on concerns over cultural fit.
Anthem sues to block Cigna from terminating $48B merger
In the lawsuit, Anthem blasted Cigna, accusing it of repeated efforts to sabotage their proposed merger.
Cigna seeks to terminate merger with Anthem, sues insurer for $13B
Indianapolis-based Anthem responded almost immediately Tuesday by saying Cigna does not have the right to cancel the deal.
Aetna gives up on $34B Humana deal, will pay $1B breakup fee
The Humana-Aetna deal was one of two mergers that would have reshaped the U.S. health insurance landscape. Both were rejected by federal judges as anticompetitive. Anthem hasn't given up on its deal—a $48 billion pact to acquire Cigna—and is pressing ahead with an appeal.
Anthem vows to appeal ruling blocking $48B Cigna purchase
While Anthem said it was “significantly disappointed” by the judge’s order and would seek an expedited appeal, Cigna said only that it “intends to carefully review the opinion and evaluate its options in accordance with the merger agreement.”
Dow, DuPont may try more divestments in seeking merger approval
Dow Chemical Co. and DuPont Co. say they're willing to make more business divestments as a way to nudge European regulators who remain wary of their proposed merger.
Indy-based auto auction firm acquired by Dallas company
Currently operating in eight states, the firm was founded in 2000 by three executives who had previously worked at another local auto auctioneer, Carmel-based ADESA.
UPDATE: Stonegate Mortgage to be acquired by Michigan firm for $211M
The deal would mark the end of Indianapolis-based Stonegate’s stint as a public company, which has largely disappointed investors since its IPO in 2013.
Finish Line reaches deal to sell JackRabbit chain of running shoe stores
The Indianapolis-based retailer plans to take a pretax charge of as much as $36 million in connection with the sale of the money-losing business to a Los Angeles-based investment firm.
Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.
Allure of IPO fades for fast-growing Hoosier firms
Candidates for initial public offerings are increasingly opting for mergers or private equity instead.
Lack of disclosed price kept some deals off M&A list
Here is a summary of notable Indianapolis-area mergers and acquisitions that closed in 2016 for which financial details were not available.
Citizens sells liquefied natural gas unit to equity firm
A five-year-old Indianapolis company that supplies liquefied natural gas to trucking companies, manufacturers and other customers is now under new ownership.
Lilly buying developer of pain-management drugs for $960M
The Indianapolis-based drugmaker’s purchase of the biotech firm CoLucid Pharmaceuticals will give it access to a late-stage experimental medication for migraine headaches.
Jay’s Moving acquires family-owned Fort Wayne firm
Founded in Indianapolis in 1951, Jay’s Moving Co. had been plotting the expansion outside of central Indiana for three years.
Candy maker expands in pet care with $7.7B purchase of VCA
VCA operates more than 750 animal hospitals in the United States, including about 10 in the Indianapolis area.
Allegion acquires Tennessee-based Republic Doors & Frames
Republic, which makes hollow metal doors and frames, had sales of $20 million in 2015.
Anthem-Cigna CEOs’ deep clash exposed in unsealed testimony
The rift between merging health insurance companies Cigna Corp. and Anthem Inc. came further into public view Tuesday as transcripts of testimony from both chief executives were unsealed during a U.S. antitrust trial
Anthem experts testify Cigna merger won’t hurt competition
Anthem Inc. fired back against U.S. claims that the health insurer’s planned $48 billion takeover of rival Cigna Corp. will undermine competition.