Elevance Health faces shareholder proposal on DEI practices
In its response to the proposal, Elevance touted that its “workforce embodies a multitude of dimensions.”
Shareholders
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Amid proxy war, Noble Roman’s delays shareholders meeting
Indianapolis-based Noble Roman’s s in a heated battle with one of its biggest shareholders over whether CEO Scott Mobley should remain on the restaurant company’s board of directors.
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Cummins shareholders to vote on splitting CEO, board chair positions
An unnamed Cummins shareholder is proposing that the company separate its CEO and board chair roles, which are both held by Tom Linebarger. Cummins is recommending that shareholders vote against this proposal.
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SPACs sound arcane, but make buckets of money for Indy investors
A nontraditional way to take companies public is booming on Wall Street, leading to an unprecedented explosion of deals.
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Articles
Inotiv swings to profit; legal battles continue to grow
Indiana-based Inotiv Inc. reported a fiscal third quarter profit of $1.8 million, compared with a loss of $3.7 million during the same period last year. However, the pharmaceutical testing company said it is facing new shareholder lawsuits primarily related to its acquisition of Envigo RMS Holding Corp. in Indianapolis.
Noble Roman’s CEO to remain on company’s board for now
A major shareholder of the Indianapolis-based company had been attempting to get its own CEO elected to the board instead.
Noble Roman’s sparring with investor over proposed leadership shake-up
West Fargo, North Dakota-based restaurant operator BT Brands Inc. filed a proxy statement this month asking shareholders to vote for its own CEO, Gary Copperud, rather than reelect Noble Roman’s CEO Scott Mobley to the five-member Noble Roman’s board.
To raise cash, Lilly Endowment unloads more Eli Lilly stock
For the Lilly Endowment, a good year means it’s time to cash in.
Top U.S. CEOs rethink meaning of shareholder value
The Business Roundtable, a group that represents the most powerful CEOs in America, has released new principles on the role of a corporation that imply a foundational shift.
Finish Line’s merger with British suitor could pose challenge to Foot Locker
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
Indy-based renewable energy firm to go public in merger worth up to $345M
IEA Energy Services has completed about 200 wind and solar projects around the country, including the 9,000-acre Benton County Wind Farm in northern Indiana.
Investors willing to bet on Angie’s List-HomeAdvisor combo as stock surges
A week after the announced acquisition of Angie's List, its shares are trading 38 percent above the offer price—signaling optimism about the forthcoming public company combining Angie's List and HomeAdvisor.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Merger dance between Interactive Intelligence, suitor started in 2012
The Indianapolis-based software firm fielded escalating offers over the years until a last-second reduction in bid price from buyer Genesys Telecommunications Laboratories Inc., according to a new public filing.
Tech leaders heap praise on city’s latest billion-dollar exit
In the immediate wake of news Wednesday that Interactive Intelligence Group Inc. had agreed to be acquired for $1.4 billion, Indianapolis tech leaders bubbled with praise for CEO Don Brown and with enthusiasm for the possible impact on the city.
Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Analysts expect IAC to sweeten Angie’s List bid
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
Aggressive bidder has Angie’s List over a barrel, analysts say
Internet behemoth IAC appears bent on hashing out an acquisition and likely would stage a hostile takeover if Angie’s List resists, market analysts say.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Hedge fund ups Angie’s List holdings again, seeks board seats
Now with a 9-percent stake, New York-based TCS Capital Management says it’s after multiple board seats and plans to continue discussing options to maximize the firm’s value, including a sale.
Report: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
Shareholder coup of Steak n Shake parent firm fails
A Minnesota-based investment group that for months has been waging a campaign to oust Sardar Biglari from atop Steak n Shake’s parent company weathered a resounding defeat Thursday afternoon.
Advisory firm: Current Biglari board must go
Groveland Capital's push to oust Sardar Biglari from Steak n Shake's parent will come to a head Thursday. A prominent billionaire investor is poised to back the effort.