50 Finish Line locations slated for conversion into JD Sports stores
The outcome of the test will help determine whether all Finish Line outposts will take on the JD Sports moniker and product mix.
Mergers & Acquisitions
Articles
Sinclair makes changes to Tribune deal to appease regulators
Sinclair Broadcast Group Inc. has offered to abandon or revise sales of TV stations in some markets after its proposed $3.9 billion deal to buy Tribune Media Co. met rebuke from regulators.
Record M&A activity has dealmakers wondering how long it’ll last
After an unprecedented five years of bumper activity, dealmakers are starting to sound a note of caution. But that isn’t likely to stop 2018 from becoming another record year for M&A activity.
Area’s largest home builder acquired by Berkshire Hathaway division
Since its founding in 1994, Arbor Homes LLC and its affiliates have constructed more than 13,000 homes in the Indianapolis area.
Gaming commission approves ownership changes at four Indiana casinos
The deals approved Thursday change ownership at Hoosier Park in Anderson, Indiana Grand in Shelbyville, Belterra Casino Resort in Switzerland County and Ameristar Casino in East Chicago.
Caesars plans $50M in upgrades, possible casino rebranding after $1.7B Centaur acquisition
The Indiana Horse Racing Commission gave approval Wednesday to Caesars Entertainment Corp.’s plan to acquire Hoosier Park in Anderson and Indiana Grand in Shelbyville. The deal still needs approval from the Indiana Gaming Commission.
13 Indiana newspapers to be sold as part of $3.65 billion merger
Community Newspaper Holdings Inc. plans to sell off community newspapers in Zionsville, Anderson, Lebanon and 10 other Indiana communities.
UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Herff Jones owner Varsity Brands sold to Bain Capital
Bain Capital has agreed to buy Varsity Brands, the owner of BSN Sports and Indianapolis-based Herff Jones, in a deal estimated at $2.5 billion.
British retailer completes $558M acquisition of Indianapolis-based Finish Line
Buyer JD Sports Fashion, the leading European retailer of sports, fashion and outdoor brands, plans to retain Finish Line management and use the company as its platform for North American expansion.
Rent-A-Center going private after $800 million acquisition
The chain, which leases household goods on a rent-to-own basis, has more than two dozen locations in the Indianapolis area.
AT&T, Time Warner close $81B merger 2 days after judge’s OK
The merger could shape the way consumers stream TV and movies and how much they pay, and stands to usher in a new era of accelerating change and deal making in the media and telecom worlds.
Indianapolis consulting firm acquired by Cincinnati company
Indianapolis-based Allegiant International has seen tremendous growth in recent years thanks to its supply-chain work with General Motors.
Carmel-based Merchants Bancorp plans $21.9M bank acquisition
The acquisition will add three banking offices to Merchants’ subsidiary, Joy State Bank.
After AT&T’s court win, Comcast bids $65B for Fox, as expected
Comcast isn't likely the only mega-media bid in the works. There will probably be a rush to consolidate. Here's a look at some of the proposed combinations that could transform the media landscape and change how people get their entertainment.
Texas tech firm acquires High Alpha’s ClearScholar
Founded in 2016, ClearScholar is the second company in the High Alpha portfolio to be snapped up in the last four months.
Flagstar buying 33 Indiana bank branches from Wells Fargo
Wells Fargo & Co.’s sale of 52 branches to Flagstar Bancorp Inc. marks a retail-banking exit from Indiana, Michigan and Ohio.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
Hoosier carnival pro buys back big amusement operation on the cheap
It’s been a bumpy ride for North American Midway Entertainment, which was sold in 2015 to a Connecticut-based buyer for $75.5 million. One of its former owners just bought it back for $23.5 million.
Fifth Third to acquire Chicago’s MB Financial for $4.7 billion
Fifth Third is paying a premium to gain a bigger foothold in the Chicago market, where MB Financial is among the middle-market banking leaders with 86 retail bank branches.