World’s biggest beer makers agree to join forces
The $106 billion merger would create a company that would control nearly a third of the global market and threaten to dominate the U.S. by bringing together Budweiser and Miller Genuine Draft.
Mergers & Acquisitions
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Activist scores big with Ameriana-First Merchants bank merger
An activist investor from Illinois began scarfing up shares of Ameriana Bancorp in 2010. He soon pushed for a sale—a wish that was granted in June when the New Castle institution agreed to be acquired for $69 million.
Anthem, Aetna defend acquisitions called harmful by hospitals
Anthem Inc. CEO Joseph Swedish and Aetna Inc. CEO Mark Bertolini will tell federal lawmakers Tuesday that the deals are necessary to succeed in a changing health-care landscape.
Soapmaker Gilchrist & Soames scooped up by Sysco unit
The Indianapolis-based producer of high-end soaps, shampoos and conditioners for hotels and resorts will become part of Guest Supply but keep its local operations.
Equity firm buys software developer Ontario Systems
The software producer, one of the state’s oldest, was acquired by Washington, D.C.-based Arlington Capital Partners for an undisclosed price.
Senior health care firm operator Trilogy sold in $1.2B deal
Trilogy Health Services LLC, which operates more than 70 senior-living facilities in Indiana, is being acquired. The company has at least 14 properties in central Indiana, including two in Indianapolis.
Indiana-based Schurz to sell TV, radio stations for $442.5M
Schurz, based in Mishawaka, owns nine radio stations in Indiana—four in South Bend and five in Lafayette. It also owns WSBT-TV Channel 22, the CBS affiliate in South Bend.
Steve Hilbert seeks comeback in insurance
The controversial co-founder and former CEO of life insurance giant Conseco Inc. (now CNO Financial Group Inc.) spearheaded the purchase of a small life insurance company operated out of Texas and plans to gradually build up its operations here.
Carmel-based Heartland acquires Splenda, plans expansion
Heartland Food Products Group announced Tuesday that it plans to acquire low-calorie sweetener brand Splenda, creating the need for a major expansion at its Indianapolis-area operations.
Anthem-Cigna mega deal might snag on Blue Cross
Anthem Inc. has used the Blue Cross and Blue Shield brand names as a powerful tool on its way to becoming the nation’s second-largest health insurer. But those Blue brands now are a hurdle for Anthem’s $54.2 billion acquisition of Cigna Corp.
Fishers-based NCA Group acquired by Louisiana firm
NCA Group Inc., an insurance-claims services firm that has been based in Fishers since its founding in 1984, has reached an agreement to be acquired by Hammond, Louisiana-based Worley Claims Services.
Mega-mergers pressure small health insurance plans
Mega-mergers among Anthem Inc. and its fellow health insurance giants could put pressure on provider-owned health plans such as Advantage Health Solutions and Indiana University Health Plans.
Anthem gets $26.5B funding commitment for Cigna takeover
Anthem Inc.’s bid to become the largest health insurer in history is setting up one of the biggest debt offerings backing a takeover.
City dodges bullet as HQ stays under Anthem-Cigna deal
The company says its corporate headquarters will remain in Indianapolis, where its operations are responsible for contributing millions of dollars in corporate taxes and charitable giving.
Anthem’s next challenge: getting regulators to say OK
The next challenge for Anthem Inc. in its quest to marry Cigna Corp. is to get its legal guardians to allow the ceremony to happen.
First Financial buying Indy lender in $110M deal
Cincinnati-based First Financial Bancorp has agreed to pay $110 million to acquire Indianapolis-based Oak Street Holdings Corp., a lender to insurance agents and brokers, the bank announced Thursday afternoon.
FCC chairman recommends OK of $48.5B DirecTV-AT&T deal
AT&T's purchase of DirecTV would create the country's largest provider of cable or satellite TV.
Owner of 3 Indiana casinos sells real estate in $4.7B deal
The deal will create a combined real estate investment trust that will own 35 casino and hotel facilities in 14 states, including three in Indiana.
Hurco acquires two companies in deals worth nearly $20M
Hurco closed on the purchase of Wisconsin-based machine maker Milltronics Manufacturing on Tuesday for about $13.3 million. On Wednesday, it entered into an agreement to acquire Taiwanese manufacturer Takumi Machinery for about $6.5 million.
BorgWarner to acquire Remy International for $950M
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.