Merger forms $382M, Indy-based motorcycle parts company
Indianapolis-based holding company LDI Ltd. has tripled its motorsports employee count and broadened its national reach with a deal for privately held Motorsport Aftermarket Group.
Mergers & Acquisitions
Articles
Old National scoops up Lafayette Savings Bank for $42M
The purchase of LSB Financial Corp., parent of Lafayette Savings Bank, will add $366 million in assets and five branches to Old National’s portfolio.
Pfizer pulls plug on push to buy AstraZeneca
Pfizer said Monday that it does not intend to make a takeover offer for British drugmaker AstraZeneca, pulling the plug for now on what would have been the largest deal in the industry's history.
Big-rig seller Stoops to unload six-location dealership
Stoops Freightliner, an Indianapolis truck and trailer dealer, has agreed to sell to a larger dealership after more than 25 years in business. Owner Jeff Stoops grew it into a $323 million firm with 563 employees.
UPDATE: AstraZeneca board rejects new offer from Pfizer
Pfizer’s proposed deal would have been the richest acquisition ever among drugmakers and the third-biggest deal in any industry, according to figures from research firm Dealogic.
Bayer’s $14.2 billion Merck buy shows pharma strategy split
Bayer AG’s $14.2 billion acquisition of Merck & Co. is the latest in a series of big pharma deals and it exposes a deepening split in the way drugmakers approach their portfolios.
Megadeals drive torrid pace for M&A activity
The value of corporate takeovers announced in 2014 hit the $1 trillion mark Monday, reaching that level at the fastest pace in seven years.
Finish Line’s chain of running stores ‘turning a corner’
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
Firm that figured out how to sell hair-salon products online is snapped up by giant
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
Investor pressure pushing drugmakers to make deals
Tuesday’s blockbuster deal involving Indianapolis-based Eli Lilly and Co. was just the latest of several that have taken place since the beginning of the year.
Lilly to pay dearly for Novartis animal health biz
Wall Street analysts raised their eyebrows at the hefty price Eli Lilly and Co. will pay to acquire Novartis Animal Health, when compared to the value of the biggest player in the field.
Blockbuster deal: Eli Lilly paying $5.4B for Novartis Animal Health
Eli Lilly and Co. has agreed to pay $5.4 billion for Novartis Animal Health in the second-largest deal in the company's history. The acquisition is part of a blockbuster three-way drug deal.
Insurer acquires Indy-based StreetLinks for $60 million
StreetLinks, which sells real estate appraisal management services and software, will retain its brand name and remain headquartered in Indianapolis, according to the statement.
Lender bids $26 million to take over Indiana Limestone Co.
An investment firm was the only bidder for an Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings.
MainSource strengthens Cincinnati foothold with acquisition
Greensburg-based MainSource Financial Group agreed Monday to pay $34 million in cash and stock for MBT Bancorp, the parent of Merchants Bank and Trust Co.
Indy-based Web firm for coaches makes Atlanta acquisition
Startup dot-com BookIt Commerce Inc. is in the midst of expanding its site for vetting and marketing coaches into new markets.
Dow Agro parent sets stage for sale or spinoff
Dow AgroSciences LLC is likely to become a stand-alone public company in the next three years, according to some Wall Street analysts—if the wunderkind division of Dow Chemical Co. lives up to sky-high expectations.
Calumet to acquire drilling-fluids maker for $235 million
Calumet Specialty Products said it plans to complete its acquisition of ADF Holdings by March 31. ADF is the parent of Tulsa-based Anchor Drilling Fluids USA Inc., a leading provider of drilling-fluid solutions to the oil and gas industry.
Indiana among states probing Comcast-Time Warner deal
Comcast Corp.’s proposed $45 billion acquisition of Time Warner Cable Inc. is being probed by at least six states that have joined a federal review of whether the deal violates antitrust laws.
Lilly acquires animal health business, lowers forecast
Eli Lilly and Co. is buying a privately held, poultry-vaccine maker based in Germany to strengthen its Elanco animal health subsidiary.