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.
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.
Orbis was founded in 2003 by Daniel Briggs, who now serves as the company’s chief growth officer. The firm markets and manages health care programs for academic institutions and health care systems.
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
The frenzy of deal-making inevitably leads to speculation about the future of WTHR-TV Channel 13—which, incredibly, has been under the ownership of the same family—the Wolfes of Columbus, Ohio—since 1975.
As part of its $4.1 deal to acquire Tribune Media Co., Nexstar Media must sell TV stations in numerous markets to avoid regulatory problems. Those sales are almost certain to involve stations in Indianapolis.
The buyer, Tangoe Inc., said Mobi’s offices will remain in Zionsville and will serve as headquarters for the combined company’s managed mobility services, operations.
Randy Stocklin, who founded the company with his wife, Angie Stocklin, will remain with the company.
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.
KAR CEO Jim Hallett said the purchase of Belgium-based CarsOnTheWeb "will instantly anchor KAR in the international marketplace."
The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.
Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.
The acquisitions are the first for IEA since it went public this spring, and signal that the company is pushing hard for more growth in the booming renewable energy sector.
Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.
The Treasury pilot program implements broader powers Congress granted this year to the Committee on Foreign Investment in the U.S., a panel of officials who review foreign takeover of American firms and can recommend that the president block deals that threaten national security.
The West Lafayette biotech firm’s stock traded as low as $1.41 last fall, following multiple setbacks and restructurings. But the stock had soared to $24 Thursday morning after news that it would be acquired by Novartis.
One year ago, Indiana-based Endocyte Inc. bought the rights to a prostate cancer treatment for $12 million, plus future considerations. On Thursday, Novartis AG agreed to pay almost 200 times that amount to acquire Endocyte and the experimental therapy.
The deal represents a huge breakthrough for tiny Endocyte, which has about 90 employees in Indiana but has not yet launched a single product.
ANGI Homeservices Inc. has agreed to acquire Handy Technologies Inc., a New York-based startup offering on-demand access to cleaning maids or handymen for small tasks at a fixed price.
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
