Roche to buy bowel drugmaker Telavant for $7.1 billion
Roche has come under pressure to improve its pipeline with medicines it can commercialize soon as a windfall of revenue from products used in the COVID-19 pandemic comes to an end.
Mergers & Acquisitions
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Chevron buying Hess for $53B in latest oil megadeal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
Point Biopharma insiders to reap millions from Lilly deal
Top executives and directors of Indianapolis-based Point Biopharma Global Inc. could rake in an eye-popping $212 million from their deal to sell the company to drugmaker Eli Lilly and Co.
Herff Jones’ graduation business acquired by East Coast firm
The deal gives Greenwich, Connecticut-based Atlas Holdings ownership of the Herff Jones Graduation Business, which includes Herff Jones’ Scholastic and Collegiate brand portfolios and related manufacturing and distribution operations.
Indianapolis tech startup Overfuel acquires competitor
Overfuel, which launched last year, recently acquired a Washington-state-based competitor, 321 Ignition. Both companies offer a platform on which independent auto dealers can build their websites.
Kroger, Albertsons to sell hundreds of stores in bid to clear merger
Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their $25 billion merger.
Andretti special purpose acquisition company to merge with Boston-based AI startup
Andretti Acquisition Corp., a blank-check company that was formed last year, announced Wednesday that it plans to merge with Boston-based startup Zapata AI.
Industrial icon U.S. Steel on verge of being absorbed as industry consolidates
A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.
Privately held Esmark makes offer for U.S. Steel, sets up bidding contest for iconic steelmaker
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.
U.S. Steel rejects a $7.3B offer from rival Cleveland-Cliffs
The two steelmakers combined have more than 10,000 employees in Indiana.
Simon & Schuster purchased by private equity firm for $1.62B
The acquisition comes months after a federal judge blocked Simon & Schuster’s purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market.
Marathon Health buys Missouri firm in move that boosts membership by 32%
The acquisition will add about 300,000 members to Indianapolis-based Marathon Health’s network and expand its footprint in 15 states where the two companies do business.
California firm terminates $875M acquisition of Cook Medical unit, FTC says
The Federal Trade Commission said CooperCompanies’ decision to abandon the deal “ensures that critical reproductive health markets remain competitive.”
White House taking on corporate mergers, landlord junk fees and food prices
The Biden administration on Wednesday proposed new guidelines for corporate mergers, took steps to disclose the junk fees charged by landlords and launched a crackdown on price-gouging in the food industry.
Lilly to spend up to $1.93 billion to acquire Boston biopharmaceutical firm
With the acquisition of Versanis Bio, Lilly is adding another promising treatment to its weight-loss drug pipeline.
Judge declines to block Microsoft’s record $69B deal to buy Activision Blizzard
Regulators have been seeking to ax the deal because they say it will hurt competition, but U.S. District Judge Jacqueline Scott Corley ruled the evidence pointed to more consumer access to Call of Duty and other Activision content.
Fishers-based biosciences firm Quantigen acquired by Versiti
Quantigen employs 46 people at its office at 10300 Kincaid Drive, and it will retain its name following the deal.
Eli Lilly to acquire Massachusetts-based biotech for $309M
The Indianapolis-based drugmaker said it will acquire Sigilon Therapeutics Inc., a six-year-old startup that is developing a technology to help type 1 diabetes patients restore insulin production over sustained periods.
Carmel-based software business Baker Hill set for new ownership
Established in 1983 by entrepreneurs Mark Hill and Karen Hill, Baker Hill is a software-as-a-service firm that provides loan origination, risk management and analytics software to more than 400 banks and credit unions.
Bunge to buy Viterra in $18B deal, creating ag powerhouse
Bunge Ltd.—which is spending $550 million to build a soybean processing plant in Shelby County—could find itself in the crosshairs of antitrust regulators in the United States due to the scale of the deal.