Lilly to sell heartworm line for Novartis deal approval
Eli Lilly and Co. wants to combine Novartis with its own animal health business, Elanco, to create the second-largest animal health company in the U.S.
Mergers & Acquisitions
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Local water logistics company expands in Chicago area
Indianapolis-based TPG Marine Enterprises LLC announced Thursday that it has acquired Chicago Dry Dock, a shipyard near Lake Michigan founded in 1979.
Covance shareholder sues over $6.1B LabCorp deal
A Covance Inc. investor contends in a lawsuit that the drug-testing company’s board erred in relying on what the shareholder called Goldman Sachs Group Inc.’s conflict-tainted advice. Covance has major laboratory operations in Indianapolis.
One of city’s largest woman-owned businesses acquired
Distribution business HP Products Corp., a 450-employee company founded in Indianapolis in 1964, is now owned by Virginia-based Ferguson Enterprises Inc., the companies announced Tuesday.
Growth-minded Vertellus buys Dow Chemical unit
Indianapolis-based chemical producer Vertellus Specialties Inc. has announced its second big acquisition in as many months, in a deal believed to be worth as much as $200 million.
Ice Miller names new managing partner
Steven Humke is set to take the helm of the city’s third-largest law firm Jan. 1, assuming duties from outgoing chief managing partner Phil Bayt.
Order-fulfillment firm sells for $55M in cash
A publicly traded e-commerce firm has acquired Indianapolis-based Fifth Gear, a company with more than 500 employees that specializes in fulfilling consumer orders through catalogs and digital retail.
Health care deals lead big year for M&A activity
The health care industry has announced about $438 billion worth of mergers and acquisitions worldwide so far in 2014, about 14 percent of the $3.2 trillion total for all industries.
First Merchants closes $49M acquisition of Community Bank
The deal gives First Merchants a stronger foothold in affluent Hamilton County, and a total of 107 locations in three states.
Local steel fabricator to buy Vincennes steel firm
Indianapolis-based Lenex Steel Corp. plans to acquire Wabash Steel LLC of Vincennes from its Ohio-based owner, the local company announced Wednesday.
City’s top website developer merges with Ohio company
The merger of Indianapolis-based Fusion Alliance and Columbus-based Quick Solutions forms a company with 550 employees and annual revenue of $75 million.
Report: Herff Jones set to be sold for $1.5 billion
Class ring maker Herff Jones is set to be acquired by a private-equity group for about $1.5 billion, Reuters reported, citing people familiar with the deal.
Maker of class rings may fetch $1 billion
Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.
European regulators OK Lilly’s $5.4B Novartis deal
The European Union's antitrust authority has approved the $5.4 billion sale of Novartis' animal health division to Indianapolis-based pharmaceutical firm Eli Lilly and Co.
UPDATE: Angie’s suitors could include Amazon, Yelp, IAC
Amazon has been developing its own local services marketplace. Yelp is the leading consumer-review service in the retail space. Website Holding company IAC, meanwhile, has a big stash of cash and owns competitor HomeAdvisor.com.
LDI acquisition could be latest springboard for growth
Indianapolis-based private investment company LDI Ltd. has acquired a small biotech manufacturer in a deal it says could be the launching point for many more acquisitions.
Simon spinoff plans $4.3B merger with Ohio mall firm
Washington Prime Group Inc. has agreed to buy Glimcher Realty Trust of Columbus, Ohio, in a deal valued at about $4.3 billion when including assumed debt. As part of the transaction, Simon Property Group will acquire two malls for $1.09 billion in cash.
Demise of Radio Disney causing static; local station in play
Walt Disney Co. announced earlier this month that it would sell its 23 radio stations that target children ages 3 to 15. The only Radio Disney outpost on the FM dial, WRDZ-FM 98.3 in Indianapolis, could be particularly sought after if the stations are sold individually.
Insurance agencies Shepherd, Consolidated merge
Two local insurance agencies with long histories and well-known leaders have merged, creating a firm with eight Indiana offices, 145 agents and more than 160 employees.
Lilly among those eyeing antibiotic maker Cubist, analyst says
The rising threat from drug-resistant germs and increasing calls from global health groups for more potent antibiotics is placing a premium on companies such as Cubist. The $4.8 billion drug developer is preparing to introduce four new medicines by 2020.