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Deals of the day-Mergers and acquisitions
Apr 4, 2025 1:32 PM

April 4 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 2000 GMT on Friday:

** A New Zealand regulator on Friday said it was investigating

Canadian billionaire James Grenon's acquisition of a stake in

media firm NZME ( NZMEF ), citing a "reasonable possibility" of a

breach of the country's takeover rules.

** Brookfield Infrastructure Partners ( BIP/PA ) is buying

Colonial Pipeline, the largest U.S. fuel transportation system,

in a deal valued at about $9 billion, including debt, the

company said on Thursday.

** Britain's competition regulator said on Friday it believes

that remedies offered by aerospace equipment manufacturer Safran

could resolve competition concerns relating to its

acquisition of a part of aerospace business Collins.

** UK's Serica Energy ( SQZZF ) said on Friday Britain's Takeover

Panel has allowed to push back the 'put up or shut up' deadline

for its potential deal with North Sea-focused oil producer

EnQuest ( ENQUF ) to May 2.

** U.S. law firm Kramer Levin Naftalis & Frankel and global

legal giant Herbert Smith Freehills said in a joint statement on

Friday that their partners voted to approve a merger, creating a

2,700-lawyer firm.

** Italian insurer Generali will not put up a fight to defend a

planned asset management tie-up, if Rome's opposition stiffens

once a government review of the deal starts, CEO Philippe Donnet

said in a newspaper interview.

** French engine and aircraft equipment maker Safran on

Friday secured the green light from EU antitrust regulators for

its $1.8 billion bid for Collins Aerospace's flight controls

business after pledging to sell a North American actuator

business.

** Italy's Banco BPM BAMI.MI on Friday secured more than the

two-third majority threshold set for its buyout offer for asset

manager Anima Holding ANIM.MI required to reap the maximum

benefits from the deal.

** President Donald Trump on Friday extended by 75 days a

deadline for Chinese technology company ByteDance to sell U.S.

assets of popular short video app TikTok to a non-Chinese buyer

or face a ban that was supposed to have taken effect in January

under a 2024 law.

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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