UPDATE: Emmis takeover deal unlikely to hit turbulence
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to take the company private is unlikely to get derailed—even though it’s worth far...
View ArticleBiglari Holdings targets auto-parts chain
The parent company of Steak n Shake restaurants is angling to acquire a huge stake in the Advance Auto Parts chain.
View ArticleSmulyan buyout plan could take Emmis full circle
The going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering five years from now.
View ArticleBiglari invests $41M in Steak n Shake parent over 2 months
The CEO of the parent company of Steak n Shake spent $40.8 million to acquire more than 134,000 shares in May and June. He now controls about 202,000 shares, or 14 percent of the 1.4 million shares...
View ArticleWellPoint, other insurers' stock buybacks concern investors
Indianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices...
View ArticlePreferred shareholders blocking Emmis’ repurchase plans
The investors are concerned Emmis will gain voting rights to two-thirds of the preferred shares and that it would use that clout to get out of paying millions of dollars in dividends.
View ArticleFortune buyout would help exec out of financial jam
Sale to managers would alleviate problems for company's 70-year-old namesake and keep firm from being seized by bank.
View ArticleLilly resumes $3B stock buyback program, declares dividend
The local pharmaceutical giant plans to complete the program started in 2000 by repurchasing $420 million in shares by the end of the year. And on Tuesday, it declared a regular dividend of 49 cents.
View ArticleLawsuit: Smulyan angling for Emmis buyout
Jeff Smulyan has been considering a new plan to buy out other Emmis Communications Corp. shareholders—a deal that could clear the way for him to finally take the Indianapolis media company private. But...
View ArticleCalumet goes back to market with public offering
The Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital, acquisitions and possibly the redemption or repurchase of debt.
View ArticleExactTarget sale caps success story; CEO mum on Indy work force
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to...
View ArticleCNO repurchases $50M in shares in second quarter
The Carmel-based insurer expects to repurchase $250 million to $300 million of securities this year.
View ArticleAllison stock slips after owners reveal plan to sell shares
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
View ArticleWashington Prime shares set stage for NYSE debut
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
View ArticleOld 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.
View ArticleKite shares start trading under 1-for-4 split
Kite Realty Group Trust's stock fetched $25 on Tuesday, an increase of more than 300 percent from the previous close, after the company's split took effect.
View ArticleRecent minor-league team sales suggest Indians worth $40M-plus
A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.
View ArticleReport: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
View ArticleInvestors still cautious about antitrust scrutiny on Anthem-Cigna deal
The stock price for Cigna Corp. remained lethargic during trading Thursday, as another mega-merger of insurers complicated the Anthem deal and sparked antitrust concerns.
View ArticleHedge fund ups Angie's List holdings again, seeks board seats
Now with a 9-percent stake, New York-based TCS Capital Management says it's after multiple board seats and plans to continue discussing options to maximize the firm's value, including a sale.
View ArticleAggressive bidder has Angie's List over a barrel, analysts say
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.
View ArticleAnalysts expect IAC to sweeten Angie's List bid
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.
View ArticleLarge Noble Roman's investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
View ArticleEmmis chief makes another run at taking media firm private
For the third time in a decade, CEO Jeff Smulyan is making an offer for the outstanding shares of Emmis Communications Corp., which runs radio stations and magazines in Indianapolis and major U.S....
View ArticleTech leaders heap praise on city's latest billion-dollar exit
In the immediate wake of news Wednesday that Interactive Intelligence Group Inc. had agreed to be acquired for $1.4 billion, Indianapolis tech leaders bubbled with praise for CEO Don Brown and with...
View ArticleStumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company's stock price needs rise above avoid a delisting. Its market cap also needs a boost.
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