Fiat Chrysler seeks $40B merger with Renault to create auto giant
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.
Mergers & Acquisitions
Articles
Fountain Square Brewing acquires New Day Craft in move to diversify
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.
Moving-industry slowdown puts Wheaton on acquisition trail
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.
Diamond Chain to retain its name following $84M acquisition
Ohio-based Timken purchased Diamond Chain last month. The Indianapolis-based company makes high-performance roller chains for equipment used in a variety of industries.
Celadon Group makes fourth divestiture in past month
The Indianapolis-based trucking company announced Friday that it has sold its intermodal operations to Winnipeg, Manitoba-based Bison Transport.
British retail giant that bought Finish Line is taking slow approach to U.S. market
England-based JD Sports Fashion Plc entered the U.S. market in June with its $558 million acquisition of Indianapolis-based Finish Line and says it likes what it sees so far.
Allison Transmission announces $132 million in acquisitions
The Indianapolis-based company announced Tuesday that it has acquired England-based Vantage Power and the electric vehicle systems division of Michigan-based AxleTech International in two separate deals.
Lilly bets billions on focus on cancer drugs
Long a leader in diabetes and neuroscience drugs, Eli Lilly and Co. is pushing hard and spending record sums to turbocharge its oncology business, potentially a huge growth area.
Fishers-based Formstack acquires WebMerge
Formstack, a tech firm that helps customers build online forms and automate workflow, announced Tuesday that it has acquired WebMerge, which also is located in Fishers.
Continuing to slim down and reduce debt, Celadon sells logistics division to Texas firm
As a result of the deal, Jon Russell, the son of Celadon co-founder Steve Russell, is expected to leave the company for a management position with the acquiring firm.
Local transportation tech firm acquired for $50 million
Synovia Solutions, known for its Here Comes the Bus app, has been acquired by a transportation technology company based in Irvine, California.
Bristol-Myers gets shareholder approval for $74B Celgene deal
Bristol-Myers Squibb Co. on Friday won a shareholder vote to approve its takeover of Celgene Corp., paving the way to close the largest pharmaceutical merger in history and create a cancer-drug giant.
Battered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
Philadelphia firm buys majority stake in locally based KSM Consulting
Indianapolis-based accounting firm Katz Sapper & Miller has sold a majority stake in KSM Consulting to Philadelphia-based private equity firm Renovus Capital Partners.
Radio-station acquisitions give Cumulus big boost
With its pending acquisition of three Entercom Communications Corp. stations, Cumulus Media Inc. is set to become the biggest, most-listened-to radio company in the Indianapolis market.
Celadon Group sells two subsidiaries for $139.5 million
The Indianapolis-based trucking company said the divestitures are part of its larger plan to streamline operations and reduce its debt load.
Centene plans to buy WellCare for more than $15B in cash, stock
Health insurer Centene Corp. has agreed to buy managed-care provider WellCare Health Plans Inc., expanding in the market for government insurance plans just as politicians in Washington, D.C., appear to be gearing up for another health-policy clash.
Founder sells tech firm Studio Science to investment group
More than 20 years after founding his tech consulting and development firm Studio Science, Kristian Andersen has sold the company to a group of investors led by CEO Steve Pruden.
Indiana-based Berry bests Apollo with $4.4B deal to form plastics giant
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
Area sock maker acquired by founder’s daughter, private equity firm
Martinsville-based For Bare Feet Inc., a 35-year-old manufacturer and distributor of novelty socks, has been sold.