FinishMaster to be acquired in $172M deal
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
Deals
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Lacy company takes stake in Oregon logistics firm
LDI Ltd. has acquired a majority position in Portland-based Oregon International Air Freight Co.
ExactTarget acquires Australian distributor
E-mail marketing firm’s purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is
the third for ExactTarget in the past year.
Casino operator Centaur aims to exit bankruptcy much leaner
Centaur plans to sell a casino west of Denver and a stalled casino development near Pittsburgh.
Local union boss on GM talks: ‘They’re forcing this upon us’
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over
public protest of 650 local union
workers.
UPDATE: Stamping plant suitor gets time to negotiate
There’s more time for Illinois-based JD Norman Industries to hammer out a deal to buy a General Motors stamping plant
in Indianapolis, potentially saving hundreds of local jobs.
Union leaders meeting with GM plant bidder
United Auto Workers official Maurice "Mo" Davison is making one last attempt
to put a deal together for a Chicago-area firm to buy the General Motors stamping plant southwest of downtown Indianapolis,
which is slated to close in 2011.
Smulyan buyout plan could take Emmis full circle
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
CEO Smulyan gets OK to take Emmis private
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
Timmy Foundation to absorb doctor’s Nigerian mission
The foundation, founded by Dr. Chuck Dietzen, will absorb the Mercy Foundation, started by Dr. Mercy Obeime, in July.
Private water, sewer utilities propose sale to Cumberland
Gem Utilities Inc. and Gem Water Inc. have offered their sewer and water operations to the town of Cumberland for $6 million.
Apartment sellers testing market again
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
Simon shares surge despite failed General Growth deal
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based
rival it had been pursuing for months.
Biglari Holdings targets auto-parts chain
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
Emmis finds loophole for board on Smulyan buyout
State law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
UPDATE: Emmis takeover deal unlikely to hit turbulence
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to
take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan
failed to get through his board four years ago.
Emmis chief looks to take company private
JS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares
of publicly traded Emmis for about $90 million, according to Monday morning’s announcement.
Lilly buys right to underarm lotion for low sex drive
Eli Lilly & Co., the maker of the impotence pill Cialis, bought exclusive rights from Australia’s Acrux Ltd. to
an underarm testosterone lotion called Axiron for men with limited sex drive due to low levels of the hormone.
Simon Property CEO uses hard-nosed style to excel at acquisitions
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation’s largest mall owner—is trying to land his biggest deal yet.