You beat me to the joke!quincunx wrote: ↑Apr 30, 2022Is Hardee's coming back?
Yum brands is in Louisville so almost the same thing...... kidding because i doubt it would be them.
Yum brands is in Louisville so almost the same thing...... kidding because i doubt it would be them.
- 991
Just spitballing here… Humana would be awesome. But I could also see someone like Kindred Healthcare or a smaller HQ also fitting the bill.
Any idea on employee count? Will this be just a C-Suite HQ move or can we get our hopes up for a few hundred + employees?
Any idea on employee count? Will this be just a C-Suite HQ move or can we get our hopes up for a few hundred + employees?
- 2,053
I'd wonder if its not just a smaller HQ - Geospatial maybe? (Spatial Data Integrations is the only one that comes up 11-50 employees)
Nothing in this list stuck out to me as having connections to STL - someone else might have a better guess...
https://www.lanereport.com/103001/2018/ ... ers-haven/
Nothing in this list stuck out to me as having connections to STL - someone else might have a better guess...
https://www.lanereport.com/103001/2018/ ... ers-haven/
^ I think this probably makes the most sense. There are only two Fortune 500s in Louisville...Humana and Yum. It won't be Yum (KFC). Kindred was on the list at one point, but went private and sold off its at home division to...Humana. Those two would fit into our healthcare sector but I don't really see any of them decamping Louisville which also has a decent healthcare sector.
- 2,929
Acquired: Hutting Building Products (Nasdaq: HBP)
STL Biz Journal: St. Louis publicly held building supply company acquired by Idaho business in $350M deal
All-cash purchase of HBP by Woodgrain, Inc. Company will become a wholly-owned subsidiary.
10.70/share, had closed at 9.50/share on March 21st, when the deal was announced. 52-week range was 4.75-11.35, so that's a reasonable price. Board of Directors approved it, didn't seek a shareholder vote. Yesterday was the end of the tender offer, and a little over 70% of shares were submitted before midnight. Price seems right.
While it's not fun seeing the end of local publicly-traded companies, the loss of this microcap isn't a tragedy. Think both companies will do better together.
STL Biz Journal: St. Louis publicly held building supply company acquired by Idaho business in $350M deal
All-cash purchase of HBP by Woodgrain, Inc. Company will become a wholly-owned subsidiary.
10.70/share, had closed at 9.50/share on March 21st, when the deal was announced. 52-week range was 4.75-11.35, so that's a reasonable price. Board of Directors approved it, didn't seek a shareholder vote. Yesterday was the end of the tender offer, and a little over 70% of shares were submitted before midnight. Price seems right.
While it's not fun seeing the end of local publicly-traded companies, the loss of this microcap isn't a tragedy. Think both companies will do better together.
- 9,545
Bit more on HQ relocation - looking for around 25,000 SF to start and grow from there. I would assume that’s probably 125-200 people.
So that still leaves 1.375 million sq. ft. at 909 Chestnut to fill…
Let the speculation begin:
https://www.greaterlouisville.com/talen ... employers/
American Commercial Barge employs just shy of 200 folks in Louisville…
https://www.greaterlouisville.com/talen ... employers/
American Commercial Barge employs just shy of 200 folks in Louisville…
St. Louis' Stifel purchases German firm for European expansion
https://www.stltoday.com/business/local ... fbe77.html
Just in time for Lufthansa
https://www.stltoday.com/business/local ... fbe77.html
Just in time for Lufthansa
- 6,119
^Oh, very nice! This sounds like a very good addition. 
Any purchase by a STL company is great but this German firm has 40-50 employees between 3 offices. Doubt this hardly affects Lufthansa.sc4mayor wrote: ↑Jun 09, 2022St. Louis' Stifel purchases German firm for European expansion
https://www.stltoday.com/business/local ... fbe77.html
Just in time for Lufthansa
- 6,119
^I'd read it to mean Stifel was taking advantage of the new service more than the other way around. Not that there's likely any shortage of business traffic anyway. I expect BioNTech is happy of the connection to Pfizer's Chesterfield facility.
- 1,607
You've got the BioNtech-Pfizer partnership, Bayer and Millipore-sigma likely driving the business travel to/from Germany. obviously not the only ones, but the major players certainly.
- 6,119
^Even just in terms of the cargo potential (which may be why Lufty isn't selling cargo yet): every dose of vaccine that BioNTech makes in their German facility uses RNA from Pfizer's Chesterfield facility, per 2020 reporting. Maybe that space is all pre-booked. But yes, there's clearly real potential. Would be neat to see if this makes us more attractive for AB-InBev moving some of their office ops back this way to a lower cost market where they have plenty of space.
I took the former flights ATL-Dusseldorf several times for my employer. Had a lot of Bayer people on my plane each time. A LOT. I'd watch them go STL-ATL-DUS in business class.TheWayoftheArch_V2.0 wrote: ↑Jun 11, 2022You've got the BioNtech-Pfizer partnership, Bayer and Millipore-sigma likely driving the business travel to/from Germany. obviously not the only ones, but the major players certainly.
This Mark Kummer guy tweets some unhinged stuff. I guess there's a possibility that he's right but I'd take it with a grain of salt.
https://www.reuters.com/business/retail ... 022-08-08/
Not that relevant to STL but a big chunk of the platform sold off for a very nice amount.
Not that relevant to STL but a big chunk of the platform sold off for a very nice amount.
- 1,607
Centene scrapping its Charlotte East coast headquarters. Will no longer develop campus and bring in 3200 jobs.
https://www.bizjournals.com/stlouis/new ... celed.html
BREAKING: Centene cancels plans for 3,200-job East Coast hub in Charlotte
Fortune 50 health-care giant Centene Corp. (NYSE: CNC) is canceling plans for an East Coast headquarters and campus in Charlotte, North Carolina, the Charlotte Business Journal has exclusively learned. Centene’s 800,000-square-foot office building that’s been under construction in the Charlotte community of University City for the past two years is expected to be completed in the coming weeks — but it will not be occupied by the Clayton-based company, Brent Layton, president and chief operating officer, told CBJ, a sister publication of the St. Louis Business Journal.
Centene was the largest economic-development project in Charlotte’s history when announced in July 2020. At that time, it formally committed to investing $1 billion and hiring more than 3,200 employees at the campus here. Then-CEO Michael Neidorff said the company could hire 6,000 or more people in Charlotte and planned to build at least 1 million square feet at the site it acquired. The development was expected to include on-site day care, training facilities and a data center.
Layton confirmed the elimination of the East Coast headquarters plan will not lead to layoffs there...
https://www.bizjournals.com/stlouis/new ... celed.html
BREAKING: Centene cancels plans for 3,200-job East Coast hub in Charlotte
Fortune 50 health-care giant Centene Corp. (NYSE: CNC) is canceling plans for an East Coast headquarters and campus in Charlotte, North Carolina, the Charlotte Business Journal has exclusively learned. Centene’s 800,000-square-foot office building that’s been under construction in the Charlotte community of University City for the past two years is expected to be completed in the coming weeks — but it will not be occupied by the Clayton-based company, Brent Layton, president and chief operating officer, told CBJ, a sister publication of the St. Louis Business Journal.
Centene was the largest economic-development project in Charlotte’s history when announced in July 2020. At that time, it formally committed to investing $1 billion and hiring more than 3,200 employees at the campus here. Then-CEO Michael Neidorff said the company could hire 6,000 or more people in Charlotte and planned to build at least 1 million square feet at the site it acquired. The development was expected to include on-site day care, training facilities and a data center.
Layton confirmed the elimination of the East Coast headquarters plan will not lead to layoffs there...
^ Everyone is talking about this in the Centene thread…
In other news:
Logistics firm triples office space in downtown St. Louis
https://www.stltoday.com/business/local ... 1cf3f.html
In other news:
Logistics firm triples office space in downtown St. Louis
https://www.stltoday.com/business/local ... 1cf3f.html
Cincinnati-based Total Quality Logistics plans to take up an entire floor, or 20,000 square feet, at 200 North Broadway in St. Louis' central business district when it moves from 1000 Spruce Street where it occupies roughly 6,000 square feet.