Lids parent ‘exploring’ sale of struggling retailer
Retail conglomerate Genesco Inc. said Tuesday that it has hired an outside firm to advise it in the potential sale of Zionsville-based Lids Sports Group, its weakest-performing division.
Mergers & Acquisitions
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Carmel-based KAR Auction Services acquires tech startup Stratim
KAR has acquired a San Francisco-based startup that uses technology to help companies manage fleets of vehicles.
Terry Lee Honda in Avon has new owner, name
The buyer is the same publicly traded firm that purchased Hare Chevrolet last year in Noblesville, and it’s interested in collecting more Indy-area dealerships.
Banks to sell off five Indiana branches as part of $1B merger
Cincinnati-based First Financial Bancorp and Greensburg-based MainSource Financial Group have agreed to sell off five bank branches in Indiana to resolve regulatory concerns that could stand in the way of their planned merger.
Keurig to buy Dr. Pepper Snapple, creating beverage giant
The companies, both the result of previous mergers, would bring under one tent global brands like Dr. Pepper, 7UP, Snapple, A&W, Mott's, Sunkist and Keurig's single-serve coffee makers.
Fear, respect for Amazon fuels deals, alters corporate strategies across Indiana
More deals could be on the horizon as dozens of companies—including local powerhouses such as Simon, Eli Lilly and Anthem—game out what Amazon’s huge ambitions could mean for their bottom lines.
Mergers, acquisitions off to hottest start since 2000
North American companies, which fell out of favor among acquirers last year, are back on the shopping list in 2018, making up almost 60 percent of all announced transactions in 2018.
Lack of disclosed price kept these deals off the list
Here are notable Indianapolis-area mergers and acquisitions that closed in 2017 for which financial details were not available.
Stake in Indiana-based OneMain Holdings sells for $1.4B
Apollo Global Management LLC and Varde Partners have agreed to buy Fortress Investment Group’s stake in Indiana-based consumer lender OneMain Holdings Inc.
Claymon brothers sell off another mobile office business
Brent and Matthew Claymon, the entrepreneurs known for selling Pac Van Inc. for tens of millions of dollars in 2006, have sold another Indianapolis-based company that leases mobile offices and storage units.
Disney buying Fox assets in $52B split of Murdoch empire
The sale marks an epic downsizing for Rupert Murdoch, an 86-year-old former Australian who spent his adult life amassing the assets that made him a kingmaker in U.S. and U.K. politics.
All eyes on Anthem after CVS megadeal
Pressure is building on the insurer to drop its conservative, bread-and-butter approach after one of its biggest rivals, Aetna Inc., agreed to be bought by drugstore chain CVS Health for $69 billion.
Chicago-based chain acquires most of Butler Auto Group’s dealerships
Butler is keeping its Butler Toyota dealership, but has sold off its Kia, Hyundai, Fiat, Maserati and Alfa Romeo dealerships to a major regional chain that has rebranded the locations.
CVS-Aetna deal could hinge on antitrust approach under Trump
CVS Health Corp.’s $67.5 billion takeover of Aetna Inc. will test the administration’s approach to far-reaching corporate takeovers, just weeks after the U.S. government sued to block a major telecommunications merger.
CVS nearing $65 billion-plus deal for insurer Aetna, source says
A deal between Hartford, Connecticut-based Aetna and Woonsocket, Rhode Island-based CVS could upend the health insurance, pharmacy and drug benefit sectors.
Calumet Specialty selling Anchor Drilling subsidiary for $84 million
Three years after acquiring Anchor Drilling Fluids USA LLC for $235 million, Indianapolis-based Calumet Specialty Products Partners is shedding the subsidiary to reduce debt and concentrate on its core business.
UPDATE: Caesars deal could create gambling juggernaut in Indiana
If Caesars Entertainment is successful in buying Hoosier Park and Indiana Grand, it would have an interest in four of the state’s five largest casinos. The acquisition reportedly is in the works.
Indianapolis-based engineering firm acquires automotive supplier
Echo Engineering and Production Supplies Inc. expects its revenue to swell to $50 million next year as it takes on more outsourced work from stressed car makers.
Panera Bread acquiring Au Bon Pain as founder steps down
Panera Bread founder Ron Shaich is stepping down as CEO and the company is buying Au Bon Pain—bringing together two chains the executive helped build.
Indy-based heating-and-cooling firm under new ownership
After 33 years, the maker of industrial heat-exchange equipment will fuse to a similar German manufacturer.