The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires July 11, is contingent upon at least 75 percent of all shares being tendered. A […]
Herb Simon, co-founder of Simon Property Group Inc. and co-owner of the Indiana Pacers, has joined with other investors to buy the Tucson Sidewinders, a Triple A baseball team, for $13.5 million. The other investors are Jerry Katzoff and Stuart Katzoff, a father and son from New York City. The new owners plan to move […]
A young woman is dead and two family members hurt after a house fire early this morning on Cottage Avenue on the city’s south side. A mother, who jumped out of a second-story window, survived, as did one of her daughters, but her other daughter died. The fire was in the same area where more […]
Expenses that DaimlerChrysler and Getrag Corporate Group are incurring related to their $560 million transmission plant going up in Kokomo will be reimbursed by Tipton County through the sale of bonds, according to an agreement between the parties. A story in yesterday’s Kokomo Tribune said the agreement was disclosed Monday after being approved by Tipton […]
Former Colts quarterback Jack Trudeau appeared in a Boone County court yesterday and denied hosting an underage drinking party. His trial is scheduled for Oct. 2.
Indianapolis-based Autobase Inc. has been acquired by Dominion Enterprises of Norfolk, Va. for an undisclosed amount. Autobase makes software used by the automotive retail industry. Its founder and president, Bryan Anderson, will continue to lead the operations here. The company employs 140, most here in Indianapolis. A call to Autobase was not immediately returned. Dominion […]
Investigators are calling a garage fire this morning arson. It started in the 300 block of East Minnesota Street around 12:45 a.m. and is near the area where there have been a string of intentionally set fires.
Engineering design work began Monday for more than $4 million in public infrastructure improvements needed for expansion of Pfizer Inc.’s Terre Haute operations. Pfizer’s $330 million expansion will support its inhaled insulin Exubera, which has been having disappointing sales, causing the company to temporarily halt production earlier this year. Water service also is being expanded. […]
Dry conditions have prompted The Department of Waterworks to call for a water advisory. People with odd-numbered addresses are asked to water their lawns on odd-numbered days; those living in homes with even-numbered addresses should water their lawns on even-numbered days. The advisory lasts until Monday and includes other outdoor water use, such as washing […]
An Indianapolis mother will be in court Thursday, accused of threatening to kill her 1-year-old son. According to police, Margaret Figley had been arguing with her boyfriend, who is the child’s father. Figley is in the Marion County Jail, charged with neglect of a dependent and criminal recklessness after dangling her child from a second-floor […]
Herb Simon, co-founder of Simon Property Group Inc. and co-owner of the Indiana Pacers, has joined with other investors to buy the Tucson Sidewinders, a Triple A baseball team, for $13.5 million. The other investors are Jerry Katzoff and Stuart Katzoff, a father and son from New York City. The new owners plan to move […]
Indianapolis-based Autobase Inc. has been acquired by Dominion Enterprises of Norfolk, Va. for an undisclosed amount. Autobase makes software used by the automotive retail industry. Its founder and president, Bryan Anderson, will continue to lead the operations here. The company employs 140, most here in Indianapolis. A call to Autobase was not immediately returned. Dominion […]
The group of private-equity firms that last week sweetened its offer to buy Biomet Inc. today began a tender offer to buy the Warsaw medical device maker’s shares for about $11.4 billion. The offer of $46 a share, which expires at the end of July 11, is contingent upon at least 75 percent of all […]
Indianapolis-based Angie’s List has received $9 million from current shareholders and bond financing that it will use to expand into 25 U.S. cities this year and Europe in 2008. Angie’s List already provides a listing of consumer opinions about businesses in 124 cities. The company said it planned to expand internationally this year, but has […]
IUPUI Chancellor Charles Bantz and Purdue University Provost Sally Mason are two of the four finalists vying to become president of the University of Iowa. Bantz, who has led the Indianapolis campus since 2003, will interview today and Friday, the University of Iowa said in a release. Mason, who has been provost at Purdue since […]
A Fishers couple has bought the franchise rights to open boxing-themed men-only hair salons in Indiana. The Texas-based franchise chain, called Knockouts Haircuts for Men, provides haircuts, message therapy, manicures and hair waxing by female stylists wearing boxing uniforms. The couple, Alan and Marena Boyton, are expected to open their first stores late this year. […]
Jeffersonville-based American Commercial Lines Inc. has lowered its earnings projection for the year to $1.45 to $1.65 a share, from the $1.75 to $1.95 it projected earlier in the year. The company reduced its projection on continued weakness in the spot grain markets and lower-than-expected productivity in the manufacturing industry. The marine transportation company also […]
Focus Group Inc. of Valparaiso plans to build a hotel and water park adjacent to the Cabela’s outdoor-goods store slated for the southeast corner of Interstate 65 and County Line Road. Nebraska-based Cabela’s this afternoon confirmed that it plans to build a 125,000-square-foot store at that location. Cabela’s has a deal to buy 104 acres […]
Most of an entire housing development going up just west of Muncie will be auctioned at a Delaware County sheriff’s sale, and the developer says a weak housing market is to blame, according to The Star Press. M&M Construction of Muncie, the developer of Laurel Meadows, said 38 undeveloped lots will be auctioned; 15 homes […]
