Cincinnati-based Fifth Third is one of the largest banks doing business in the Indianapolis area, with more than $7.2 billion in local deposits, 44 area branches and 348 employees as of June 30, 2024.
Corteva, one of Indiana’s largest publicly traded companies, plans to split its seed and pesticide businesses into two independent, publicly traded companies by the end of 2026.
If the transaction closes as anticipated, it will end EA’s 36-year history as a publicly traded company.
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
Demand for obesity treatments has soared recently, due to unprecedented weight loss provided by regular injections of market leaders Wegovy from Novo Nordisk and Zepbound from Indianapolis-based Eli Lilly and Co.
Indianapolis-based The September Group purchased the companies that would eventually create WSI—which offers secure audio and video recording solutions for public safety and child welfare organizations—in 2020.
Slimfast, founded in 1977, is known for its once-popular line of meal-replacement shakes, but the brand has struggled with the emergence of new weight-loss pharmaceuticals.
Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the United States, including four locations in the Indianapolis area and seven others statewide.
U.S. Steel will cut production at the Illinois plant, likely in November, but it won’t lay off any of the roughly 800 workers there or reduce their pay, it said.
EchoStar said recent deals will resolve inquiries from the Federal Communications Commission about the rollout of 5G technology.
PNC has been on an acquisition streak in the last few years to make the bank one of the biggest players in retail banking in the country.
Allegion, whose Americas division is based in Carmel, has completed nine acquisitions so far this year—a significant increase from recent years.
SePro offers water-quality analysis services and chemicals that address problems such as algae blooms and invasive weeds in surface water sources ranging from backyard ponds to large lakes and reservoirs.
The summer surge shows how dealmakers have continued their strong recovery from what was a disappointing start to the year.
Vivian Farris, who acquired the cafe, bakery and catering business in 2014 from founders Ernie and Sue Kobets, is set to retire after a long career in the food-service business.
Lawrence-based software firm Schneider Geospatial, which has more than doubled its employee base over the past three years, just acquired its fifth company since 2022.
TV watchers in Indianapolis might soon flip through the local news channels and find three of them owned and their broadcasts produced by the same company.
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation, metal framing, ceiling systems, commercial doors and other products that serve large residential and commercial professionals.
Nexstar is the parent of Indianapolis Fox affiliate WXIN-TV Channel 59 and CBS affiliate WTTV-TV Channel 4. Tegna is owner of Indianapolis NBC affiliate WTHR-TV Channel 13.
The name change was ordered by NBC Universal, which last November spun off cable networks USA, CNBC, MSNBC, E! Entertainment, Oxygen and the Golf Channel into its own company, called Versant.
