EnerDel, founded in 2004, is a designer and manufacturer of lithium-ion energy storage products and battery systems for heavy-duty transportation, on- and off-grid electrical storage, mass transit and task-oriented applications.
At issue is a competing bid for Spirit from another budget airline, JetBlue, which is offering about $1 billion more for Spirit.
In a fiery filing, Twitter accuses Musk of violating the merger agreement “because the deal he signed no longer serves his personal interests.”
Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.
The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.
Twitter could push for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.
Moller Enterprises, which owns The Sanctuary on Penn, bought the business operations from Linton Calvert, with plans to greatly increase event activity in the building.
Katz Korin Cunningham, a fixture in the Indianapolis legal market since 1994, has merged with Stoll Keenon Ogden PLLC, a regional law firm based in Kentucky, the firms announced Tuesday.
Kohl’s shares tumbled as much as 20%, to $28.50 each, Friday morning, their biggest drop since March 2020. The stock had already fallen 28% so far this year through Thursday’s close.
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
The non-commercial Bible Broadcasting Network, based in North Carolina, operates more than 50 radio stations in 23 states.
Clif Bar & Co. operates a major commercial bakery in Indianapolis that employs more than 400 workers. The plant at 7575 Georgetown Road received a $10 million expansion in 2019.
Shareholders of Miramar, Florida-based Spirit are scheduled to vote June 30 on a bid from Frontier Airlines, and JetBlue is trying to convince investors to scuttle the agreement and drive Spirit into JetBlue’s arms.
A “blank check company” headed by local medical-software businessman Bradley Bostic announced Thursday that it plans to merge with Newport Beach, California-based medical tech firm Excelera DCE, creating a new public company.
The Indianapolis cluster of radio stations owned by Urban One Inc. is set to grow thanks to the upcoming acquisition of all Indianapolis radio properties now owned by Emmis Communications. Here are some of the details.
Duke Realty Corp. has developed or co-developed major industrial buildings and complexes at the crossroads of America, which has become a significant national hub for warehousing, logistics and e-commerce operations.
Both companies’ boards have approved the deal, which is expected to close in the fourth quarter. It still needs approval from both companies’ shareholders.
Twitter plans to offer Elon Musk access to its “firehose” of raw data on hundreds of millions of daily tweets in an effort to push forward the Tesla billionaire’s agreed-to $44 billion acquisition, according to multiple news reports.
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
JetBlue said Monday that it will now provide a $350 million reverse break-up payable to Spirit if a deal between the two isn’t completed for antitrust reasons.
