General Growth Properties Inc. plans to split in two to exit bankrupty and will receive $2.63 billion in capital from Brookfield
Asset Management Inc
Brookfield Asset Management Inc. plans to bid for a stake in General Growth Properties Inc., beating an offer by Indianapolis-based
Simon Property Group Inc. for the bankrupt shopping mall owner, the Wall Street Journal reported.
Directors at Chicago-based General Growth Properties Inc. are being sued by a shareholder claiming they shouldn’t have
rejected a $10 billion buyout offer from competitor Simon Property Group Inc.
Simon Property Group Inc. will have to wait in line with other potential bidders and raise its offer if it wants to land bankrupt
rival General Growth Properties Inc., the Chicago-based company said in a letter late Tuesday.
Wall Street today is cheering Simon Property Group Inc.’s giant bet on the future of retail real estate, a sector that
appeared left for dead just months ago. The nation’s largest mall owner has offered $10 billion to take over its
nearest rival, Chicago-based General Growth Properties Inc., which is in bankruptcy.
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that
could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
St. Vincent Health is near an agreement to take over The Care Group LLC, the city’s largest independent physician practice
and largest cardiology group in the nation.
The Justice Department imposed major conditions upon Live Nation and Ticketmaster in approving the companies’ merger, moves
Assistant Attorney General Christine Varney said would have the effect of lowering ticket prices.
An Indianapolis-based grocery wholesaler has purchased the assets of a convenience store supplier in Danville, enabling it
to expand its number of customers to 800 in five states.
These deals had no price tag, but still were significant.
WellPoint’s sale of its NextRx unit was the largest deal in the Indianapolis area in 2009.
Pent-up demand, anticipated thaw in financing might cause business valuations to rise modestly
Indianapolis-based HP Products Corp. announced Tuesday morning that it has completed its acquisition of Great Lakes Supply and Chemical in Michigan City.
PNC Financial is still digesting its $5.6 billion acquisition of National City Corp., but a quiet fight almost certainly
is under way over its lucrative private banking clients.
Omnicity makes seventh acquisition since going public in February. The Rushville company aims to be nation’s largest wireless
broadband provider in rural markets.