Follett backs California software startup ShowEvidence

River Grove, Illinois-based educational firm Follett Corp invested an undisclosed amount in Santa Clara, California-based software startup ShowEvidence through its venture fund Follett Knowledge Fund.

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The agricultural titan of US, ADM invests $25M in Rennovia

Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.

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Triangle Capital invests $14.8M in Illinois firm Justrite Manufacturing

North Carolina, US-based lower middle market capital provider Triangle Capital Corporation invested $14.8 million in Des Plaines, Illinois-based environmental protection and hazardous waste handling firm Justrite Manufacturing Company LLC.

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WyzAnt acquires dead New York rival Tutorspree

Chicago, Illinois-based tutoring marketplace WyzAnt acquired New York-based Tutorspree, a fellow marketplace competitor, that has been closed down since September 2013, for an undisclosed amount.

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Illinois educators file class action lawsuit to invalidate pension reform law

Educators in Illinois filed a class action lawsuit in the Cook County Circuit Court in Chicago asking the court to void a new state pension reform law, Reuters reported.

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Chicago-based Tribune closes $2.73B acquisition of Local TV

Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.

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Savant Capital takes over registered investment advisory firm Paragon Advisors

Independent registered investment adviser Savant Capital Management has reportedly agreed to take over Paragon Advisors for an undisclosed sum. The acquisition will reportedly bolster Savant's assets under management to $3.7 billion.

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Sysco purchases rival US Foods for $3.5B to create food distribution giant

Sysco Corp announced it will buy rival US Foods for USD3.5 billion in a merger deal that will create a food distribution giant with around USD65 billion in annual revenue.

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Livingstone exits IPC to US security firm Universal Protection

Livingstone has sold Illinois-based shopping center security solutions provider IPC International Corp to Universal Protection Service LLC for USD24 million in cash following a bankruptcy auction.

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Illinois to sell USD350 million in general obligation bonds after pension reform bill vote

Illinois intends to sell USD350 million in general obligation bonds in a sale initially slated on December 12. Illinois legislators are set to vote on a pension reform bill that could save the state around USD160 billion in 30 years.

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The Maschhoffs takes over chicken company GNP Company

Pork producer The Maschhoffs LLC announced on Friday that it has agreed to purchase chicken company GNP Company for an undisclosed amount. GNP company is the 18th-biggest broiler producer in the US.

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Akorn grabs 3 eye drop products from Merck

Illinois-based niche pharmaceutical firm Akorn Inc acquired the US rights to three branded ophthalmic products from New Jersey-based international pharmaceutical company Merck for USD52.8 million.

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Illinois Tools acquires kitchen tool brand Justa

ITW buys Gold Pattern Holdings which owns Vesta, makers of Justa kitchenware.

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Bi-State Development Agency for Missouri-Illinois Set for Bond Sale

Bond sale is in the offing for the Bi-State Development Agency for Missouri and Illinois.

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