Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Mergers & Acquisitions
Articles
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.
Merger mania rocks TV; WTHR owner bucks trend
In television, size matters—and station operators nationwide are in a mad rush to get bigger faster.
Fate of Indy employees still hazy in Dow, DuPont merger
Although the city will host a “global business center,” it will be months before details are known about how the combined agriculture operations will shake out. For now, the two firms are still competitors.
Angie’s List fate hazy if HomeAdvisor merger occurs
Angie’s List Inc. and rival HomeAdvisor both connect consumers and service providers, but their business models are very different. That adds a complicating wrinkle as speculation intensifies that HomeAdvisor’s parent will take another run at acquiring Angie’s List.
Indy life sciences firm sells for $127 million
Privately-held Biostorage Technologies Inc., which specializes in biological sample storage, has been purchased by a Massachusetts-based firm in one of central Indiana’s largest disclosed-price acquisitions of the past year.
Report: IAC preparing another takeover bid for Angie’s List
New York-based Internet giant IAC/InterActiveCorp is gearing up for another run at acquiring Angie’s List Inc., The New York Post reported Tuesday.
Dow Agro sales slip 16 percent as parent firm’s merger looms
The Indianapolis-based agricultural division of Dow Chemical said Tuesday that lower demand, price pressures on herbicides and currency headwinds all hurt sales of its crop protection products.
Baggott, partners sell Indiana food startup Husk
ExactTarget co-founder Chris Baggott and two business partners have sold Greenfield-based food startup Husk LLC, nearly three years after starting it, shifting their attention to a farmers market website.
Anthem merger partner banned from Medicare sales for ‘widespread failures’
Cigna Corp., which has agreed to a $48 billion merger with Indianapolis-based Anthem Inc., has committed systemic violations that threatened patients’ health, U.S. regulators say.
Old National to acquire Anchor BanCorp Wisconsin
Evansville-based Old National Bank said it will purchase Anchor, the third largest bank in Wisconsin, in a stock-and-cash deal valued at $461 million.
Worldwide corporate merger activity hits record level
Companies around the world made plans to spend a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.
After legal delay, First Merchants set to close Ameriana buyout
The Muncie-based bank, which agreed to purchase New Castle-based Ameriana in June, had faced two shareholder lawsuits opposing the deal. Those lawsuits have been dropped.