Anthem experts testify Cigna merger won’t hurt competition
Anthem Inc. fired back against U.S. claims that the health insurer’s planned $48 billion takeover of rival Cigna Corp. will undermine competition.
Mergers & Acquisitions
Articles
Economist testifies Anthem-Cigna deal a risk to competition
Anthem Inc.’s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers across the country, according to a witness in the U.S. government’s lawsuit to block the deal.
Bluebridge sells 2 subsidiaries for $8M to focus on Emplify business
Fishers-based Bluebridge plans to begin operating under the Emplify name after selling its church and tourism app business units in separate transactions.
Bank dealmaker Reed retiring, moving west
Investment banker John Reed had the foresight to move from the East Coast to Indiana just as a change in state law unleashed a tidal wave of bank mergers. He and his wife are retiring to Colorado to be closer to family.
Indy-based 3R acquired by Ohio home products firm
3R Products & Services LLC, which has 30 employees, joins a publicly traded behemoth with an aggressive strategy of growth by acquisition.
Carmel-based KAR Auction buys Michigan firm for $76M
The Flint business will become part of KAR’s Adesa unit, which offers wholesale used-vehicle auction services.
Westfield Steel to acquire Ohio-based Remington Steel
Westfield Steel says the acquisition will allow it to expand both its capabilities and its customer base.
Carmel phone retailer Round Room acquires 357-store chain
Round Room LLC, which operates hundreds of stores under the name TCC (formerly The Cellular Connection), said the deal to acquire Wireless Zone of Rocky Hill, Connecticut, will expand its footprint to 1,160 stores in 41 states.
Packaging entrepreneur, 84, to sell family firm for $100M
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
Indy-based produce distributor Caito Foods selling for $217M
Michigan-based SpartanNash said part of the allure of Caito was its newly built, $32 million "Fresh Kitchen" in Indianapolis, which will process, cook and package fresh protein-based foods and complete meals.
Dow-DuPont merger hits delays as EU demands missing deal info
Dow Agrosciences parent Dow Chemical Co. and DuPont Co. face further delays to their plans to create the world’s biggest chemical company
Angie’s List hires investment bankers, setting stage for possible sale
The home services marketplace did not specify it planned to sell itself, but hiring investment bankers is typically the first step in doing so. In a press release, CEO Scott Durchslag said only that the goal was “to achieve the full potential of our new platform.”
Companies set monthly record for mergers, acquisitions
U.S. companies are cutting merger deals at a record pace even though antitrust regulators have moved to oppose several recent high-profile combinations.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
Retailer Cabela’s agrees to $5.5 billion buyout by Bass Pro
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
Gannett, Tronc could be nearing $673 million merger
Gannett Inc., publisher of The Indianapolis Star, has been actively pursuing an acquisition of the Chicago-based newspaper chain formerly known as Tribune Publishing, but has thus far been rebuffed.
Indy-based T2 Systems selling to private equity firm
Mike Simmons, one of the parking software company’s co-founders, said Thursday he will step down from his position as CEO following the closing of the deal.
UPDATE: Anthem, Cigna accusing one another of merger breach, U.S. says
The Justice Department, which is trying to stop a $48 billion merger between insurance giants Anthem and Cigna, said in a court filing that the firms are accusing each other of breaching their agreement, creating a “state of hostility” between the companies.
Merger dance between Interactive Intelligence, suitor started in 2012
The Indianapolis-based software firm fielded escalating offers over the years until a last-second reduction in bid price from buyer Genesys Telecommunications Laboratories Inc., according to a new public filing.
Interactive’s windfall big—but won’t create wealth ExactTarget sale did
Tech observers said they view Interactive’s sale as a net positive for the city, mostly because exit events spur some employees to invest their money and talent in new places.