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)