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In the News (1030)

Option 1 Credit Union plans to open a downtown Grand Rapids location as part of a new development that’s currently under construction.

Perrigo Co. plc plans to buy a drug from pharmaceutical maker AstraZeneca to treat Crohn’s disease for $380 million.

Grand Rapids-based Orion Construction Inc. broke ground this morning on its Gateway at Belknap mixed-use development in the city’s Belknap neighborhood.

You can almost count on the Federal Reserve raising interest rates. That’s according to Joe Keating, an executive vice president of NBC Securities Inc. in Birmingham, Ala.

Grand Rapids-based Concept Industries Inc. ceased operations as of Nov. 9 2015, according to documents filed with the state.

Total Quality Logistics LLC (TQL) plans to establish a sales facility in Grand Rapids at 2650 Horizon Drive.

Richie Woodworth, who’s been with Wolverine since 2006, will now head the group with the Sperry, Stride Rite, Keds and Hush Puppies brands, according to a statement released yesterday. 
Woodworth will move into his new position effective Jan. 3.

West Michigan might become a more equitable place for lesbian, gay, bisexual and transgender (LGBT) workers. That’s according to the recently released 2016 Corporate Equality Index published annually by the Human Rights Campaign Foundation, a national LGBT civil rights organization.

First Bancshares Corp. of Gladstone, the parent company of First Bank Upper Michigan, has entered a definitive agreement to acquire Northern Michigan Corp., the holding company of Northern Michigan Bank & Trust, in an all-cash transaction, according to a report from WBUP ABC 10 in Marquette.

ApproposLLC opened a sales and support office in Munich to support the deployment of its Envoy software-as-a-service platform, according to a statement. The company chose the location to work closely with one of its manufacturing clients.

Pending passage of three bills in the Michigan legislature, Las Vegas-based technology firm Switch Communications Inc. plans to build its eastern U.S. data center campus in Gaines Township, south of Grand Rapids.

Restaurant operator BarFly Ventures LLC says it’s time for last call for McFadden’s, the downtown Grand Rapids Irish-themed bar it acquired in 2010.

Mid-rise, mixed-use development can go a long way toward creating increased, transit-oriented, dense neighborhood development. That’s according to Cherise Burda, the executive director of the Toronto-based Ryerson City Building Initiative, who spoke last week at the Urban Land Institute of Michigan’s Real Estate Forum in Detroit.

Shareholders’ rejection of Mylan N.V.’s hostile takeover bid allows executives at Perrigo Co. plc to return their full focus to growing the business.

Mylan this morning said Perrigo shareholders tendered 40 percent of outstanding shares to Mylan, or about 58 million shares, which was well short of the 50 percent needed and caused the takeover bid to lapse.

Team Wholesale supplies siding and windows for the building and construction industry. ABC Supply operates as a wholesale distributor of roofing, siding, windows and other exterior products.

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