Missouri Minute: Better Together to pull petition on city-county merger; Missouri could reinstate low-income housing tax credits

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It’s National Teacher Day, and people everywhere are taking the opportunity to #ThankATeacher. Today’s newsletter offers a brief education in the state’s biggest business stories, including M&A news involving Centene, Schlafly and Save-A-Lot.

Stay alert

Hedge funds said to seek challenge of Centene’s $17.3 billion WellCare deal
Corvex Management and Sachem Head Capital Management, which have significant stakes in Centene, reportedly believe the Clayton-based health insurer may be able to find another company such as Humana to acquire it. (Reuters)

Better Together to pull petition on St. Louis city-county merger
The group will end its campaign for a statewide vote and instead pursue municipal reform through a local vote. (St. Louis Business Journal)

Schlafly family retakes control of The Saint Louis Brewery
A group of local investors led by the Schlafly family has purchased a controlling stake in The Saint Louis Brewery from majority owner Sage Capital. (MBA)

Missouri could reinstate low-income housing tax credits
Lawmakers are poised to send a proposal to Gov. Mike Parson to reinstate the tax credit program discontinued by former Gov. Eric Greitens. (St. Louis Post Dispatch)

Save-A-Lot said to seek buyer
The St. Ann-based discount grocery chain reportedly is looking to sell all or part of itself and has hired investment bank PJ Solomon to research a potential deal. (Reuters)

Schlitterbahn working to pay off mortgage
The move by the Kansas City, Kansas, water park could signal a potential restructuring or divestment of the property. (Kansas City Star)

Rams want St. Louis to pay for half of personal seat license settlement
The team is taking the St. Louis Convention & Visitors Bureau to arbitration to get the commission to pay up. (Missourinet)

Show me

The U.S. Department of Agriculture recently released the results of its latest Census of Agriculture, offering bountiful information on the condition of the country’s agricultural sector. Today’s graphic story offers a glimpse of a few key trends, from fluctuating farm income to the aging population of agricultural producers.

Say that again

“It takes a really strong commitment by the leadership in the community to want to make parks that special place.”
Kansas City’s parks and boulevard system has been around for over 125 years, but its continued existence may depend on certain reforms, KCUR reports. Leon Younger, former head of Jackson County’s Parks and Recreation Department, said the city’s parks, which are currently funded by a half-percent sales tax, could do with a more consistent investment that does not compete with other city departments.

Go figure

$900 million

That is how much farm equipment sales declined in the first quarter of 2019, according to the U.S. Commerce Department. In turn, the decline will likely decrease productivity of farmers in states like Missouri, where many farmers are still reeling from effects of floods, the St. Louis Public Radio reports.

Hello, my name is

Fishtech Group

The Martin City, Kansas-based cybersecurity firm has opened a new $10 million Cyber Defense Center, Startland News reports. The 20,000-square-foot facility, which boasts a 24/7 Cyber Security Operation Center, briefly opened its doors to the public last Thursday for tours.

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