Ex-Anthem CEO Swedish says leadership dispute led to war with Cigna
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
Mergers & Acquisitions
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U.S. appeals court clears AT&T’s $81B merger with Time Warner
The ruling by the U.S. Court of Appeals in Washington, D.C., came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever.
Democrats question promises in proposed $26.5B T-Mobile-Sprint deal
U.S. Democratic lawmakers challenged top executives of T-Mobile and Sprint on Wednesday over their pledge not to raise prices for wireless services or hurt competition if their $26.5 billion merger goes through.
Local recruiting software firm Canvas acquired by California company
Canvas Talent Inc. will continue to operate as an independent business unit in Indianapolis, and company officials said they expect the number of employees to grow significantly because of the acquisition.
Carmel-based software firm acquired in $32M deal
Determine Inc., a 23-year-old publicly traded software company that has yet to turn an annual profit, is set to be acquired by a New Jersey-based company.
Eli Lilly negotiated its largest deal ever at breakneck speed
When the Indianapolis-based drug giant made its initial offer Dec. 20, it said it wanted to seal the deal before the J.P. Morgan Healthcare Conference, which ran Jan. 7-10 in San Francisco.
Small firms put out for-sale signs
In central Indiana and nationwide, a number of small companies are changing hands right now—and for a variety of reasons. Among them: a strong economy, plentiful buyers and an aging population of owners who are eyeing retirement.
Indianapolis-based mAccounting acquired by Oregon firm
Portland-based InDinero’s purchase adds 36 employees, including 17 CPAs, to its 200-person workforce.
Schurz Communications selling its newspapers, including eight in Indiana
Media company Schurz Communications Inc. announced an agreement Monday to sell all 20 of its newspapers, including eight papers in Indiana, to New York-based GateHouse Media Inc.
Lack of disclosed price kept these deals off the list
Here are notable Indianapolis-area mergers and acquisitions that closed in 2018 for which financial details were not available.
NineStar Connect closes $4M acquisition of local water utility
As part of the acquisition, NineStar Connect agreed to run high-speed fiber to each home and business in the Gem Water Utility territory.
Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good thing?
Experts are mixed on whether the buyout barrage is cause for concern or validation of success.
Leading bank executive predicts another round of U.S. bank mergers
Industry executives have long predicted a wave of bank mergers that’s so far played out only in smaller or mid-sized deals.
Local partnership acquires chain of 31 Indiana liquor stores
A group composed of a former medical equipment executive, Indiana’s former secretary of commerce and the chairman of the Indiana Republican Party has acquired Save-On Liquors.
Indianapolis-based FitzMark acquires fast-growing local competitor
The acquisition creates a local logistics company with about 130 employees and annual revenue of about $145 million.
Indy-based accounting firm Umbaugh to be acquired in three-way deal
Chicago-based firm Baker Tilly plans to acquire Indianapolis-based Umbaugh and a Minnesota-based firm in a three-way deal that will build one of the nation’s largest municipal finance advisory firms.
Would-be dealmakers warn of M&A, IPO delays due to shutdown
A prolonged shutdown could muddle Eli Lilly and Co.’s plan to unload its stake in Elanco Animal Health Inc., the unit it spun off last year, Lilly CEO Dave Ricks said.
Lilly execs: $8B acquisition feeds into cancer drug strategy
Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.
In its biggest takeover ever, Lilly buying cancer drug startup for $8 billion
Connecticut-based Loxo Oncology, which was founded in 2013 and went public a year later, has a cancer drug in development that recently received U.S. Food and Drug Administration "breakthrough therapy" status.
In one of biggest pharma deals ever, Bristol-Myers Squibb to buy biotech firm for $74B
Bristol-Myers and Celgene combined will have nine products with more than $1 billion in annual sales and significant potential for growth in the core disease areas of oncology, immunology and cardiovascular disease.