Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
Starting July 1, any health care entity or private equity firm that is planning a merger or acquisition in Indiana—where the assets of at least one of the parties is $10 million or more—must notify the state attorney general at least 90 days in advance.
The proposed acquisition could face pushback from the U.S. which, under the Biden administration, has stepped up antitrust reviews for energy companies and other sectors as well, such as tech.
T-Mobile has been among the more active companies in telecommunications with regard to mergers and acquisitions.
Once the acquisition closes, Cassady Schiller will become Katz, Sapper & Miller’s largest office outside of its Indianapolis headquarters.
Spirit CEO Ted Christie said he was disappointed that the airlines could not combine and create a new challenger to the nation’s four biggest airlines.
Allegion, which has its Americas headquarters in Carmel, announced Monday that it has acquired Spain-based Montajes Electronicos Dorcas S.L.
The Federal Trade Commission said the deal would eliminate competition and lead to higher prices for millions of Americans.
Both companies have benefitted from Americans’ increased use of credit cards. In the fourth quarter of 2023, Americans held $1.13 trillion on their credit cards, and aggregate household debt balances increased by $212 billion, up 1.2%, according to the latest data.
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.
A state legislative committee held a nearly eight-hour meeting to consider the proposed sale of Blue Cross and Blue Shield of Louisiana to Indianapolis-based Elevance.
Indianapolis-based Eli Lilly and Co. and Switzerland-based Novartis were the most active acquirers in the past 12 months, with seven and six deals respectively, according to data compiled by Bloomberg.
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
The Catalent biologics campus covers 62 acres and has four buildings totaling almost one million square feet. The facility was opened by Cook Pharmica in 2004 and acquired by Catalent in 2017.
If Andretti Acquisition Corp.’s shareholders approve the merger, the deal is expected to close shortly after the vote, and shares of the combined company will begin trading on the New York Stock Exchange.
According to PitchBook data, Indiana firms attracted $730.5 million in venture investments last year, down 2% from the $748.7 million they landed in 2022. The number of venture deals dropped 13%, from 188 in 2022 to 164 in 2023.
The carriers filed a one-page notice of appeal on Friday, just days after Judge William Young blocked what would have been the first airline merger since Alaska Airlines combined with Virgin America in 2016.
Macy’s said its board reviewed the proposal from investment firms Arkhouse Management and Brigade Capital Management and that it not only had concerns about the financing plan, but it also felt there was a “lack of compelling value.”
The Justice Department said if JetBlue were allowed to buy Spirit, it would especially hurt travelers who depend on Spirit’s low fares.