Drugmaker Regeneron to acquire 23andMe out of bankruptcy
Regeneron will pay $256 million in cash to acquire “substantially all” of 23andMe’s assets, excluding its telehealth business.
Mergers & Acquisitions
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Dick’s Sporting Goods to buy struggling shoe chain Foot Locker for $2.4B
Dick’s said Thursday that it expects to run Foot Locker as a standalone unit and keep the Foot Locker brands, which include Kids Foot Locker and Champs Sports.
Plainfield-based logistics company acquired by DHL Supply Chain
Founded in 1960, IDS offers fulfillment services and transportation management, shipping 50,000 packages daily.
Indianapolis-based investment firm Sheaff Brock to be acquired
The acquisition of Sheaff Brock will be California-based Allworth Financial’s third and largest Indianapolis acquisition to date.
Capital One $35B purchase of Discover Financial gets regulatory approvals
The Federal Reserve and the Office of the Comptroller of the Currency signed off on the deal, which was first announced in February 2024.
Takeover expedites Republic Airways’ IPO goal
Mesa Air Group is a quarter of the size of Republic, but Mesa is publicly traded. Once the deal closes, the combined company will change its ticker symbol from MESA to RJET, continuing to trade on the Nasdaq market.
Tariffs create uncertainty for merger and acquisition activity
The impact of the tariffs also has extended to merger and acquisition activity, with M&A attorneys trying to keep pace with Trump’s starts, stops and pauses.
Meta CEO Zuckerberg defends acquisitions as he wraps up his testimony in antitrust case
Meta CEO Mark Zuckerberg testified in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies—not to take out competitors, as the FCC alleges.
Trump orders new review of Nippon Steel acquisition of U.S. Steel
In January, former President Joe Biden blocked the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel in Japan. However, President Donald Trump on Monday ordered a new review of the deal.
UPDATE: Republic Airways takes over troubled Mesa Air Group in all-stock deal
The all-stock deal is expected to close in the late third or early fourth quarter of this year.
Lucas Oil sells Indianapolis-based motorsports TV network
MAVTV has been owned by Lucas Oil Co. since 2011. The network and its new mobile application are expected to broadcast a combined 300 or more live races this year.
Dollar Tree selling Family Dollar to private equity firms for $1B
The acquisition price marks a massive discount compared with how much Dollar Tree Inc. paid to buy Family Dollar in 2015 after a bidding war with rival Dollar General.
Kroger blames Albertsons for merger’s demise in new court filings
Kroger said in Tuesday’s court filing that it should not be forced to pay Albertsons a $600 million termination fee as well as billions of dollars in legal fees.
Whiteland Raceway Park acquired by California company
The track was owned by Andy O’Gara and his wife, Indy 500 driver Sarah (Fisher) O’Gara, who bought the raceway in 2018.
Proposed legislation could impact Indiana health care mergers
Health care mergers and acquisitions continue to be a hot topic in Indiana, with the Legislature considering a bill this year geared toward creating more transparency and state oversight toward those deals.
Indy-based Bar Keepers Friend maker sold to East Coast investment firm
Bar Keepers Friend was developed in Indianapolis in 1882 and has been owned by SerVaas Laboratories since 1956.
Dentons announces expansions to Turks and Caicos, Thailand
Dentons, a global law firm with offices in Indianapolis, said it would become the first and only global law firm to establish a presence in the Turks and Caicos Islands.
Google to buy cybersecurity firm Wiz for $32B in largest deal in its history
The acquisition of cybersecurity firm Wiz is expected to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth.
PepsiCo buys prebiotic soda brand Poppi for nearly $2B
Pitched on Shark Tank in 2018, the soda, marketed as a healthy alternative to traditional soft drinks, has quickly grown in popularity.
Hubler Automotive Group acquires Beck Toyota dealership
The Beck dealership began selling vehicles near the intersection of U.S. 31 South and Stop 11 Road in 1986.