Insurance company rejects Steak n Shake takeover bid
A small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a “hostile takeover
attempt.”
Retail
Articles
NEWSMAKER: Mel Simon was shopping mall pioneer
Mel Simon, who
died at 82 on Sept. 16, changed how America shops. He was chairman emeritus of locally
based Simon Property Group Inc., the nation’s largest owner of retail real estate.
Cash-flush Finish Line likely to open new stores
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
Finish Line profit exceeds analyst expectations
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
UPDATE: Steak n Shake turning away from core business
The Steak n Shake Co. is taking a dramatic turn away from its core business with a bid to purchase a Michigan insurer in a
deal valued at almost $37 million.
BREAKING: Steak n Shake offers to acquire Michigan insurer
The Steak n Shake Co. has offered to acquire all of the outstanding shares of Fremont Michigan Insuracorp Inc. in a deal
that could be worth almost $37 million.
Falcone mourning Saab
Former dealer saw the end coming, but says customers are following him to Volkswagen and Subaru.
Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
UPDATE: Steak n Shake plan makes ‘perfect sense’ to investment pro
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
Steak n Shake plans 20-1 reverse stock split
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
Retail sales rise more than expected
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
Stout’s Shoes still in step after 123 years
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
Espresso Book Machine could open new pages in local retailing
The pricey Espresso prints and binds books while customers wait. But retailers aren’t sure what to expect when the the machine
gains wider acceptance.
Bloomington panel won’t support chain-store ban
A task force appointed by Bloomington’s mayor will instead look at other options for protecting the small-town character of the city’s downtown from standardized chain stores and eateries.
UPDATE: Simon stock jumps on $2.3B acquisition
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
Bella Vita restaurant planned for Circle Centre
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.
Patachou owner’s pizzeria granted alcohol permit
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania
streets in Indianapolis cleared its final hurdle Monday.
Marsh, then and now
Now that Marsh Supermarkets is being run like a real business, has the shopping experience changed?
Revived Marsh Supermarkets goes up for sale
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”
General Growth’s refinancing plan could thwart Simon
General Growth Properties Inc., the nation’s second-largest shopping mall operator, said lenders have agreed
to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon
Property Group Inc.