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.
Mergers & Acquisitions
Articles
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.
UPDATE: Krieg DeVault to expand Chicago footprint in merger with Fuchs & Roselli Ltd.
The merger, effective Jan. 1, 2025, combines the Chicago firm’s 25 legal professionals with Krieg DeVault’s existing team, bringing the latter’s Chicago presence to nearly 40 professionals.
Taft announces expansion into Denver market with new merger
Taft Stettinius & Hollister LLP is heading out west through the law firm’s newest merger with Sherman & Howard LLC in Denver. The firm announced Monday that it will merge with that city’s oldest and third-largest law firm effective Jan. 1, 2025.
Indianapolis-based Proteus Discovery Group expands with acquisition of Novitas Data
Proteus Discovery Group announced its recent acquisition of Novitas Data Monday morning. The acquisition doubles Proteus’ size and expands its service offerings with advanced forensics, eDiscovery technology and coast-to-coast geographic coverage, according to the Indianapolis-based company.
A state’s experience with grocery chain mergers spurs a fight to stop Albertsons’ deal with Kroger
Supermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effort to quell the federal government’s concerns about their proposed merger.
Kroger, FTC spar in court over proposed merger
Whether a proposed merger between two of the nation’s largest grocery store retailers will happen could be decided soon, as a federal judge hears arguments from the Federal Trade Commission and Kroger Company on the company’s proposed $24.6 billion acquisition of the Albertsons Companies Inc.
SKO merges with Jeffersonville law firm in new acquisition
Kentucky- and Indiana-based Stoll Keenon Ogden LLC is continuing to expand into the Hoosier state, with the firm announcing a new merger in August with Jeffersonville’s Applegate Fifer Pulliam. Doug Barr, SKO’s managing director, told Indiana Lawyer the acquisition is a natural expansion for the firm, with Jeffersonville being connected to the Louisville market. The […]
Safe Harbor Policy provides ‘carrot’ for voluntary M&A misconduct disclosures
To give an added jolt to government efforts to deter criminal misconduct in merger and acquisition transactions, the U.S. Department of Justice unveiled a new Safe Harbor Policy last year geared toward voluntary self-disclosures.
Merger, additional attorneys boost Stoll Keenon Ogden’s Indianapolis presence
With the merger, SKO increased its presence in Indianapolis from seven lawyers to 45 and, in combination with its substantial and growing number of lawyers in Evansville (20), now has a total of 65 Indiana-based lawyers and 118 Kentucky-based lawyers.
Open House: A sense of homecoming at Paganelli Law Group
Carmin Parker P.C. in Bloomington is now an office of Indianapolis-based Paganelli Law Group.
FTC’s new noncompete ban allows exceptions for mergers
A sale-of-business provision in the agency’s new rules permits entering into a noncompete with a person who is selling a business or disposing of all of the person’s ownership interest in a business in a “bona fide sale.”
Indiana health care mergers, acquisitions now require 90 days advance notice
Concerned about Indiana’s rising health care costs, the Legislature this year approved a new law that will bring more scrutiny to health care mergers and acquisitions.
What’s next in FTC lawsuit seeking to block Kroger’s acquisition of Albertsons
Traditional antitrust lawsuits have focused on the impact of mergers on consumers. But the Federal Trade Commission’s complaint regarding the proposed Kroger-Albertsons deal also notes that union grocery workers’ ability to leverage the threat of a boycott or strike to negotiate better terms would also be weakened.
JetBlue and Spirit are ending their $3.8 billion merger after federal judge blocked the deal
JetBlue said Monday that even though both companies still believe in the deal, they were unlikely to meet the closing conditions required in the agreement before a July 24 deadline.
‘Forecast is a little bit cloudy’: Venture capital exits hit their lowest in 2023, but rebound could be coming
In 2023, attorneys saw venture capital exits at their lowest levels since the pandemic and 2008 market crash.
Bricker, James and Stitle: Enhancing reputation, brand value through combination
It seems these days that the only opportunity for mid-sized firms to expand geographic reach or to grow bench strength and revenue is to acquire or combine with like-minded competitors.