Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
The Indiana Horse Racing Commission signed off on the deal this week, paving the way for what will be the world’s largest casino operation. The merger, which awaits approval from New Jersey regulators, affects five Indiana casinos.
Shares in Elanco rose 2.8% Wednesday morning after the approval was announced, to $24.13 each.
The Indiana Gaming Commission on Friday approved Eldorado Resorts Inc.’s acquisition of Caesars Entertainment Corp.’s four Indiana casino properties, with major conditions.
Simon is veering into retailer ownership in a substantial way, emboldened by its successful partnership with two other firms to buy the teen-oriented mall chain Aeropostale out of bankruptcy court in 2016.
Approval of the acquisition of Caesars Entertainment in coming days from regulators in Indiana and New Jersey would create the world’s largest casino operation.
Cornerstone Cos. Inc.’s latest local project is a three-story, 40,000-square-foot medical office building along North Meridian Street for four tenants.
In a deal that brings together two of central Indiana’s top real estate agents, powerhouse residential brokerage Berkshire Hathaway HomeServices Indiana Realty has acquired ERA Real Estate Links.
Analytic.li, an Indianapolis-based workforce analytics firm, on Tuesday announced that it has been acquired by Novi Group LLC, an investment group led by Hoosier natives Fred Luddy and Greg Bell.
An investment group led by finance-industry veterans V.J. Dowling and David Delaney owns 7% of Protective’s voting stock and had proposed buying the remainder for more than $44 million.
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Two out-of-state financial services firms have acquired the assets of former Celadon Group Inc. affiliate 19th Capital Group in a deal that will allow the Indianapolis-based company to continue operating with a reduced workforce rather than shutting down as previously planned.
The Fishers-based company’s latest acquisition realizes its transition from a niche repair firm for ultrasound components to a multinational imaging-machine supplier.
Lev will retain its name and operations in Indianapolis after being acquired by Cognizant, a publicly-traded company making its third cloud-related acquisition this year.
The acquisition appears to be the first big step in Emmis CEO Jeff Smulyan’s goal to reinvent the longtime Indianapolis-based media company by entering new lines of business.
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
zTrip, a five-year-old company based in Kansas City, has been buying taxi businesses at a fast clip, and now has more than 5,000 cabs in 21 cities.
Egis Capital Partners and ABS Capital Partners claim several high-profile ClearObject executives, including CEO John McDonald, deceived them about how much revenue and profit the company was projected to make.
The agreement announced Monday would bring together the maker of TurboTax, QuickBooks and other personal finance tools with one focusing on consumers’ access to financial products, such as finding the right loan or credit card.
