Simon bids $4.6B for U.K.’s Capital Shopping
Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.
Mergers & Acquisitions
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FinishMaster to be acquired in $172M deal
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
Sale of 118-year-old bank symptom of tough times
A sale is suddenly more appealing to Monroe Bancorp and other financial institutions that used to be fiercely independent.
Clarian Health looks to scoop up White County hospital
The Indianapolis-based hospital system’s board of directors could vote to acquire the 25-bed hospital as early as next week, but might put off a decision till February.
Simon may drop interest in Capital Shopping Centres
Indianapolis-based Simon Property Group Inc. will end its interest in buying Capital Shopping Centres Group Plc if the U.K. company doesn’t provide information necessary to evaluate a bid.
Credit counselor to merge with Ohio-based network
Momentive Consumer Credit Counseling Service Inc. has agreed to be absorbed by Ohio-based Apprisen Financial Advocates, as financial pressures in the industry push not-for-profit agencies to become larger.
Possible Simon bid boosts British mall owner’s stock
Shares of Capital Shopping Centres Group Plc, Britain’s biggest mall owner, rose the most since the company went public in 1992 after saying Indianapolis-based Simon Property Group Inc. may offer more than $3.6 billion in cash for the company.
Brightpoint takes over s2f after big growth plans fizzle
Minority-owned logistics firm s2f Worldwide, started a year ago with high-profile investors and tax incentives in tow, has been acquired by Brightpoint Inc. The deal closed about three weeks ago, said former s2f CEO Randall Lewis.
Indiana Limestone sold to Ohio company
A Cleveland-based private equity firm called Resilience Capital Partners has purchased Indiana Limestone Co. from Johnson Ventures. Terms were not disclosed.
Simon CEO: Mall owner has ‘firepower’ for deals
Indianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
Feds require Simon to sell outlet centers
The U.S. Federal Trade Commission said it is requiring Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, to sell outlets in a settlement related to the $2.3M purchase of Prime Outlets Acquisition Co.
KAR Auction reports higher profit, revenue
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
Bebe Paluzza trade shows sold to industry vets
Bebe Paluzza Productions, which started as a local trade show for parents and grew into a series of consumer events staged in five cities, has been sold to two industry veterans who want to continue that expansion.
American Commercial Lines sued over $777M buyout bid
Officials of Jeffersonville-based American Commercial and private-equity firm Platinum Equity LLC structured the $33-a-share offer in a way that unfairly bars other bids for the shipping company, American Commercial shareholder Leonard Becker said in his lawsuit.
Home Health Depot acquires Arcadia subsidiary
The division purchased by Home Health Depot markets and sells home health related items via mail and online. Terms of the deal were not disclosed.
Jeffersonville shipyard part of proposed $777M deal
American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville.
German American Bancorp acquires Bank of Evansville
American Community Bancorp Inc.’s subsidiary bank, Bank of Evansville, will become part of Jasper-based German American Bancorp Inc. in a deal valued at nearly $30 million.
Indianapolis, Fort Wayne brokerages complete merger
Ash Brokerage Corp. and InSource Inc. have merged to create Ash InSource LLC, a company with annual fixed and equity-indexed annuity sales of more than $1 billion.
UAW rejects pay cuts; local GM plant could close
Union employees at General Motors' Indianapolis metal-stamping plant have overwhelmingly rejected a proposed pay cut that would have kept the facility open.
Southwest Airlines to buy AirTran for $1.4B
Dallas-based Southwest Airlines would bump Delta Air Lines from top carrier spot at Indianapolis International Airport when it acquires Orlando-based-based AirTran in a deal announced Monday. Southwest/AirTran would have about 33 percent of the Indianapolis market, airport officials said.