City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
Mergers & Acquisitions
Articles
Anthem denies report about Cigna merger, says deal still ‘compelling’
Indianapolis-based health insurer Anthem Inc. said it is not in discussions with Cigna Corp. to end their planned $48 billion merger, as speculation about the health-insurance deal’s fate mounts.
Ohio retail owner denies merger discussions with Kite Realty
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
Troubled home health care provider Nightingale to sell itself
One of Indiana’s largest home health care providers, facing allegations that it put patients in immediate jeopardy, has agreed to be acquired by a competing company in a deal that could be worth as much as $3 million.
Zimmer Biomet to buy LDR for $1B to add spine devices
Indiana-based Zimmer Biomet Holdings Inc. has agreed to buy LDR Holding Corp. for about $1 billion in cash to add surgical technologies for the treatment of patients with spine disorders.
Report: Kite Realty in merger talks with Ohio-based retail REIT
Indianapolis-based Kite Realty Group Trust is in merger talks with fellow retail landlord WP Glimcher Inc., Reuters reported late Wednesday, citing people familiar with the matter.
Salesforce buying Demandware for $2.8B in commerce push
If completed, the acquisition would be the largest ever for Salesforce, topping its $2.5 billion purchase of Indianapolis-based ExactTarget Inc. in July 2013. Salesforce has about 1,400 employees in central Indiana.
Local tax-appeal software firm acquired by San Diego company
AppealTrack, a six-year-old Indianapolis-based firm, has been acquired by San Diego-based software developer Tax Compliance Inc., the companies announced Wednesday.
Staples, Office Depot scrap merger after judge blocks deal
Staples and Office Depot on Tuesday called off their planned $6.3 billion merger after a federal judge blocked the deal, saying the combination would likely hurt competition in office supplies. The chains have about 15 Indianapolis-area stores.
Westfield metal-products manufacturer sold to New York firm
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
Tribune adopts shareholder rights plan to fend off Gannett
Fending off an unsolicited takeover by the owner of USA Today and The Indianapolis Star, Chicago’s Tribune Publishing has adopted shareholder rights plan, a so-called “poison pill.”
Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Sale of local medical-device maker could bring $200 million
PTS Diagnostics, with about 150 employees in Indianapolis, said Monday it has entered a definitive agreement to be acquired by China-based Sinocare Inc.
Massive merger of pawn operators includes 18 Indy locations
The No. 1 player in the U.S. pawn shop market has agreed to buy the No. 3 firm for about $994 million in stock as a regulatory crackdown reshapes the non-bank lending industry.
Lizton Financial to acquire Indiana Business Bancorp
Indiana Business Bancorp, a community bank with a single branch on the north side of Indianapolis, has agreed to a $12.5 million merger with Lizton Financial Corp., a Hendricks County-based bank with 11 branches in central Indiana.
Teradata selling Aprimo unit at $435M discount
The Dayton, Ohio-based company, which purchased Indianapolis-based Aprimo for $525 million in 2010, is unloading the business unit for $90 million to a private equity firm.
Gannett makes $815M bid for Tribune Publishing
The publisher of USA Today and the Indianapolis Star went public with an $815 million offer for Tribune, which owns the Chicago Tribune and Los Angeles Times.
Coveted cloud consultancy Appirio shuns talk of sale
Appirio Inc., a global cloud-consulting firm that transplanted to Indianapolis last year, might soon get a few acquisition offers. A wave of buyouts has swept through the so-called “cloud services” sector in recent years, including International Business Machines Corp.’s deal on March 31 to acquire Bluewolf Group LLC for $200 million. Appirio is one of […]
Judge urges Staples, Office Depot to discuss $6.3B deal
U.S. judge urged Staples Inc. and Office Depot lawyers to “sit down and talk” with the Federal Trade Commission about terms for resolving the agency’s opposition to their proposed merger.
Allergan, Pfizer call off proposed record $160B merger
The biggest U.S.-based drugmaker, Pfizer Inc., will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland—on paper—to reduce its tax bill.