Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
The merging companies, Word Systems Inc. and iRecord LLC, will operate as Word Systems LLC and retain all management and employees, officials said.
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
A federal judge has ruled in favor of Sprint and T-Mobile’s $26 billion merger, dismissing anti-competitive concerns and clearing the way for a deal that would create the nation’s third-largest wireless carrier.
The talks come as a wave of retail bankruptcies squeeze mall-oriented real estate investment trusts, putting pressure on the industry to consolidate.
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry.
CenterPoint Energy Inc. has agreed to sell two subsidiaries, including Indianapolis-based Miller Pipeline, for $850 million to infrastructure services provider PowerTeam Services LLC, the companies announced Monday. Miller Pipeline employs more than 3,500 people.
BorgWarner Inc. stockholders are expected to own about 84% of the combined company, with Delphi Technologies shareholders owning approximately 16%
The number of publicly traded Indiana companies has fallen by more than half since 1990.
OurHealth, a fast-growing, 11-year-old Indianapolis-based company that provides medical clinics for employers in Indiana and five other states, is merging with a Vermont company, creating a combined operation with 200 clinics in 40 states.
The owners of landscaping firm Heath Outdoor LLC have acquired True North Landscaping LLC, creating an Indianapolis-based company that is expected to have 60 employees and bring in $5 million in revenue this year.
Schmidt Associates principal and CEO Sarah Hempstead said her downtown firm has been looking to expand by tapping into new markets.
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
Defenders owners David and Jessica Lindsey, who founded their home security and automation company in 1998, received roughly 16.3 million shares of ADT common stock for their 100% stake in the company, ADT said.
The acquisition of 65-year-old Cardinal Workplace Solutions is the 10th for Office360 since its launch in 2008 and will help the company expand its footprint in Kentucky and Ohio.
The deal, which is expected to close by mid-2020, will swell Elanco from the world’s fourth-largest animal health player to the second-largest, behind only New Jersey-based Zoetis.
In one of the year’s highest-profile tech deals, two out-of-state private equity firms took a majority stake in Fishers-based tech company ClearObject, which for years has ranked among the fastest-growing firms in the Indianapolis area.
Elif Ozdemir purchased the eatery at 9 E. Market Street in November with the goal of keeping the existing pizzeria largely as is—although she plans to add a food truck.
Mimir Corp., a five-year-old Indianapolis-based educational technology company, announced Tuesday it has been acquired by Silicon Valley-based HackerRank. The California-based buyer said it would retain Mimir’s employees and grow its presence in Indianapolis.
The combined firm, Faegre Drinker Biddle & Reath LLP, will have 1,300 attorneys and consultants in 22 offices, making it one of the nation’s 50 largest law firms. The merger does away with the names of Baker and Daniels, which had been part of the firm’s moniker for 130 years.
