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Deals of the day-Mergers and acquisitions
Jun 18, 2025 3:22 AM

June 18 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0945 GMT on

Wednesday:

** Nasdaq-listed insurtech Reliance Global Group ( RELI ) 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.

** 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.

** 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.

** Delaware's highest court on Tuesday threw out a

judge's order requiring Canadian pipeline operator TC Energy ( TRP )

to pay $199.2 million of damages stemming from its $13

billion purchase of Columbia Pipeline Group in 2016.

** 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.

** Brazilian securities regulator CVM has postponed a

shareholder vote on the takeover of poultry and pork processor

BRF by beef processor Marfrig, the

companies said in a securities filing on Tuesday.

** Inszone Insurance Services has acquired Evers

Insurance, based in Cave Creek, Arizona.

** 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.

(Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)

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