The Treasury pilot program implements broader powers Congress granted this year to the Committee on Foreign Investment in the U.S., a panel of officials who review foreign takeover of American firms and can recommend that the president block deals that threaten national security.
The West Lafayette biotech firm’s stock traded as low as $1.41 last fall, following multiple setbacks and restructurings. But the stock had soared to $24 Thursday morning after news that it would be acquired by Novartis.
One year ago, Indiana-based Endocyte Inc. bought the rights to a prostate cancer treatment for $12 million, plus future considerations. On Thursday, Novartis AG agreed to pay almost 200 times that amount to acquire Endocyte and the experimental therapy.
The deal represents a huge breakthrough for tiny Endocyte, which has about 90 employees in Indiana but has not yet launched a single product.
ANGI Homeservices Inc. has agreed to acquire Handy Technologies Inc., a New York-based startup offering on-demand access to cleaning maids or handymen for small tasks at a fixed price.
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
The combined firm said it will change its name to Mortenson Kim + Raidious and continue to maintain Indianapolis operations downtown in Pan Am Plaza.
The combination will help Sirius XM expand beyond an audience that largely listens to the satellite radio company’s programs while driving.
The sale to True Nature Holding Inc. is expected to close by October. Neither party would say whether the Indianapolis operations would remain here.
The Indianapolis-based office-supplies company had revenue near $38 million last year and is on target to hit $43 million this year. If the company hits its projections, revenue will have nearly tripled since 2013.
Indianapolis-based produce distributor IF&P Foods LLC has acquired Noblesville-based convenience food service company Cibus Fresh Inc., the companies announced Tuesday.
The combined company would serve more than 7 million gas and electricity customers in eight states and hold about $29 billion in assets.
Sinclair Broadcast Group Inc. saw its bid to become a nationwide powerhouse collapse after its would-be partner, Tribune Media Co., withdrew from a planned $3.9 billion merger that drew the ire of regulators.
Had the deal gone through, it would have reshaped the Indianapolis television landscape. Chicago-based Tribune owns WTTV-TV Channel 4 and WXIN-TV Channel 59.
Troy, Michigan-based Plex Systems has finalized a deal to acquire Dattus Inc., which was founded by two Purdue University students in 2012 and moved to Indianapolis in 2015.
For many small businesses, the easiest thing to sell right now might be the business itself.
The outcome of the test will help determine whether all Finish Line outposts will take on the JD Sports moniker and product mix.
Sinclair Broadcast Group Inc. has offered to abandon or revise sales of TV stations in some markets after its proposed $3.9 billion deal to buy Tribune Media Co. met rebuke from regulators.
After an unprecedented five years of bumper activity, dealmakers are starting to sound a note of caution. But that isn’t likely to stop 2018 from becoming another record year for M&A activity.
Since its founding in 1994, Arbor Homes LLC and its affiliates have constructed more than 13,000 homes in the Indianapolis area.
