Former Senator Evan Bayh, senior advisor with Apollo Global Management, participates in a panel discussion at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2012.
Jonathan Alcorn—Bloomberg / Getty Images
July 11, 2016 12:06 PM EDT

Former Indiana Democratic Sen. Evan Bayh has decided to run for the open Senate seat being vacated by retiring Sen. Dan Coats, giving Democrats a significant recruiting victory that increases their odds of winning back the U.S. Senate.

NBC News confirmed Bayh’s decision Monday morning. The news was first reported by CNN.

Former Rep. Baron Hill, D-Indiana, already won the Democratic Senate primary back in May, to face off against Republican Congressman Todd Young, R-Indiana.

But Hill announced Monday that he intends to step aside, saying in a statement (which did not mention Bayh by name) that his campaign’s efforts…

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