Deals of the day-Mergers and acquisitions

Reliance Global

18/06/2025 10:46

June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0945 GMT on Wednesday:

   ** Nasdaq-listed insurtech Reliance Global Group has agreed to sell its Fortman Insurance Agency subsidiary for $5 million in cash, and has pulled an offering of its shares. [nL6N3SK0Z3

   ** Keyera Corp  said it has agreed to buy substantially all of U.S.-based Plains'  Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. nL4N3SK1GR

   ** Two of Pakistan's leading business groups and a company backed by the powerful military will bid for the country's ailing national carrier, a divestment the government hopes will kickstart the privatisations of state-owned enterprises. nL4N3SK1A1

   ** Eli Lilly  will acquire gene-editing startup Verve Therapeutics  for up to $1.3 billion, the companies said, accelerating a push into experimental cardiovascular therapies. nL4N3SJ1JV

** Delaware's highest court on Tuesday threw out a judge's order requiring Canadian pipeline operator TC Energy TRP.TO to pay $199.2 million of damages stemming from its $13 billion purchase of Columbia Pipeline Group in 2016. nL1N3SK13E

** U.S. President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok by 90 days despite a law that had mandated a sale or a shutdown absent significant progress, the White House said on Tuesday. nFWN3SK1SV

** Brazilian securities regulator CVM has postponed a shareholder vote on the takeover of poultry and pork processor BRF BRFS3.SA by beef processor Marfrig MRFG3.SA, the companies said in a securities filing on Tuesday. nL1N3SJ139

    ** Inszone Insurance Services has acquired Evers Insurance, based in Cave Creek, Arizona. nL6N3SK0X9

   ** Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, said a source with knowledge of the matter. nL4N3SK0YW

 (Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))