ESOP attorneys see steady work, more M&A deals
Deals involving employee stock ownership plans have become more desirable in recent years, with ESOP-owned companies representing a growing market opportunity.
Mergers & Acquisitions
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Controversial combo: If approved, Terre Haute hospital merger would be the last under state law
The merger is now being reviewed for a second time by the state’s health department, but it will be the last merger considered under the certificate of public advantage process.
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Accounting firm mergers take off in Indiana, with more expected in 2025
Accounting firm mergers and acquisitions in central Indiana have reached what one Indianapolis attorney called an “unprecedented pace,” and he and other attorneys expect 2025 to continue this year’s trend of consolidation and new deals.
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Many dealmakers in Indiana and across the nation expect a robust 2025
In a national survey of 200 senior executives and dealmaking advisers, 70% said they expect a stronger U.S. merger and acquisition landscape in the next 12 months.
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A year of growth: Law firm mergers saw an increase in 2023
While overall M&A activity saw a decline in 2023, recent data suggest law firm mergers actually saw an increase last year.
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Articles
The Closer: A Q&A with Matthew Levy of Faegre Drinker
Find out how he became involved in M&A work, what advice he has for aspiring M&A attorneys, and what sectors he thinks are heating up and cooling down in M&A this year.
Nippon Steel finalizes $15B takeover of U.S. Steel after sealing national security pact
U.S. Steel has major operations in Gary and Portage. Nippon has several subsidiaries in Indiana, including Nippon Steel Pipe America in Seymour, Suzuki Garphyttan Corp. in South Bend, and Nippon Steel & Sumikin in Shelbyville.
US government to have control in Nippon Steel-U.S. Steel deal, officials say
Combining Nippon Steel and U.S. Steel would create the world’s 3rd largest steel producer. Both companies have a significant presence in Indiana.
Tariffs create uncertainty for M&A activity
Attorney Ralph Caruso said he hasn’t seen any deals abandoned because of the fear of tariffs and their economic impact, but more of a pausing effect and a “wait-and-see” attitude.
The Closer: A Q&A with Stacia Buechler, partner at Taft
Stacia Buechler, a partner at Taft Stettinius & Hollister LLP, says that people don’t always realize how merger and acquisition work takes several different forms apart from the deal itself.
Kroger blames Albertsons for merger’s demise in new court filings
Kroger said in Tuesday’s court filing that it should not be forced to pay Albertsons a $600 million termination fee as well as billions of dollars in legal fees.
Proposed legislation could impact Indiana health care mergers
While the Indiana House approved a measure to tighten regulations around hospital and health care mergers, the Indiana Senate removed that language.
Will Trump’s economic policies slow auto dealership mergers?
Mergers and acquisitions have been strong among Indiana auto dealerships for the past few years, but President Donald Trump’s economic policies have left dealmakers’ predictions mixed for 2025.
Taft expands into Florida through new merger with Mrachek Law
Taft Stettinius & Hollister LLP, the second-largest law firm operating in Indianapolis, is expanding south and has announced a new merger with Florida-based law firm Mrachek Law.
The Closer: A Q&A with Brian Heaton, partner at Krieg DeVault
Brian Heaton grew up as the son of an accountant. Exposure to his father’s work inspired an interest in business that led him to become a mergers and acquisitions attorney focused on health care and family businesses.
Union Health files new COPA to acquire Terre Haute Regional Hospital
Terre Haute-based Union Health has filed a new certificate of public advantage, or COPA, application related to its planned acquisition of Terre Haute Regional Hospital.
Banks could see M&A growth in 2025 with a more favorable regulatory environment
Will more Indiana-based banks will be included in M&A deals this year? Probably. But if recent trends hold true, those deals likely will involve Indiana banks acquiring out-of-state institutions, not other Indiana banks.
Nippon, US Steel file suit after Biden administration blocks $15 billion deal
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Companies signal court fight ahead after Biden blocks U.S. Steel sale
President Joe Biden’s decision to block Nippon Steel’s proposed purchase of U.S. Steel was a political act made in “clear violation of due process and the law,” the two companies said Friday
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Albertsons is accusing Kroger of not doing enough to secure regulatory approval for the $24.6 billion agreement, which would have been the largest grocery store merger in U.S. history.
Federal judge halts proposed supermarket merger between Kroger and Albertsons
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
Terre Haute’s Union Health withdraws application for hospital acquisition
While Union Health withdrew its application to acquire Terre Haute Regional Hospital, the health system said Monday the two parties will continue to work toward completing the deal, though an estimated timeline was not given.
FTC objection to proposed Terre Haute hospital merger centers on controversial state law
Certificates of public advantage, or COPAs, are a relatively new feature of Indiana law with specific language on when and where the Indiana Department of Health can grant them for a hospital merger.