Articles

Lack of disclosed price kept many deals off list

Below are Indianapolis-area mergers and acquisitions that closed in 2015 for which financial details were not available. The list excludes the most-talked-about deal of the year—Indianapolis-based Anthem Inc.’s proposed $54 billion purchase of Connecticut-based Cigna Corp. That’s because the acquisition, announced in July, isn’t expected to close until the second half of 2016. Also pending […]

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Emmis sues insurer over $4M in legal fees

Emmis Communications Corp. has filed breach-of-contract suit against a New York-based insurance company for refusing to cover any of the legal fees the firm accumulated in a long-running battle with preferred shareholders.

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Sardar Biglari

Steak n Shake’s Biglari set to become editor of Maxim

Sardar Biglari, CEO of the investment company that owns Indianapolis-based Steak n Shake, is expected to become editor-in-chief of Maxim, according to a report by Politco, taking control after a high-profile effort to revamp the magazine proved unsuccessful.

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Evans settles federal lawsuit related to AIT labs sale

A federal lawsuit that accused AIT Laboratories founder Michael Evans of breaching his fiduciary duties by selling the Indianapolis-based company to employees at an inflated price has been settled, the company announced Friday afternoon.

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