Major shareholder TCS Capital Management on Monday disclosed that it has rejected a board seat offered by Angie’s List and is still pushing the company toward a merger with rival firm HomeAdvisor.
After a rocky two years as a public company, perhaps the best path forward for Stonegate Mortgage Corp.—now that the board has given the company’s CEO and founder his walking papers—is to pull the rip cord and sell the business.
After seeing its offers to buy Angie’s List turned down in private and in public, New York-based IAC/InterActiveCorp has the next move in what is shaping up as a chess match between the two firms.
The Indianapolis company said in a press release that "it is premature to conclude that a strategic transaction is in the best interests of Angie's List shareholders."
The deal would add 50 percent more rooms to Marriott's portfolio and give it more unique, design-focused hotels that appeal to younger travelers.
Assistant Attorney General William Baer said that consumer choice is a bigger priority than health companies’ desire to add market share and gain leverage over providers like hospitals.
Internet behemoth IAC appears bent on hashing out an acquisition and likely would stage a hostile takeover if Angie’s List resists, market analysts say.
IAC/InterActiveCorp went public with its offer after Angie's List's board spurned private overtures. The company said it wants to combine Angie's List with its HomeAdvisor unit to create a home services powerhouse.
Kroger will add about 150 stores in Wisconsin and Illinois with acquisition, expanding its already sizable presence in the Midwest.
Dayton, Ohio-based Teradata bought Indianapolis-based Aprimo five years ago for $525 million, but has decided to go in a different direction with the business unit. It didn’t say whether it had a buyer lined up.
Indianapolis-based Elements Financial Federal Credit Union has scooped up 71-year-old State Service Credit Union, a move that provides Elements direct access to one of the largest employers in Indiana.
Talk of synergies and consolidation may warm the hearts of investors, who are eager for Midland, Michigan-based Dow Chemical to boost returns, but they cast uncertainty over some of central Indiana’s best scientific jobs.
Dow Chemical is exploring all options for its subsidiary, Indianapolis-based Dow AgroSciences. The company employs 1,500 workers in the Indianapolis area and, as a stand-alone firm, would be the fifth-largest by revenue in Indiana.
A Canadian software firm has signed an agreement to acquire CTI Group Holdings Inc., one of the smallest publicly traded companies based in Indianapolis.
Presidential candidate Hillary Rodham Clinton warned Wednesday that the planned $48B deal could stifle competition between health insurers, including in the early battleground state of New Hampshire.
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.
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 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.
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.
The software producer, one of the state’s oldest, was acquired by Washington, D.C.-based Arlington Capital Partners for an undisclosed price.
