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ISP: 'Armed and dangerous' suspect arrested

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INDIANAPOLIS -- A Cannelton, Indiana, man wanted on murder charges was arrested Monday afternoon in Hancock County, Kentucky.

Stacy Matheny, 47, of Cannelton, allegedly shot and killed 47-year-old Phillip Chase outside a home on the 4300 block of Bell Hollow Road just before noon Monday.

Matheny reportedly then left the scene driving a green 2001 Ford Explorer. 

Police initially released an alert about Matheny, saying he should be considered armed and dangerous.

He was apprehended a short time later in Kentucky.

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