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Deals of the day-Mergers and acquisitions

ReutersJun 18, 2025 8:01 PM

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

United Risk has completed the acquisition of Sydney-based MGA Pinnacle Underwriting Pty Ltd, along with its affiliate Pinnacle Holdings Group Pty Ltd. nL6N3SL0RP

Mars' $36 billion bid for Pringles maker Kellanova K.N is set to face a full-scale EU antitrust investigation, people close to the matter said, which could require the candy giant to divest assets to address competition concerns. nL1N3SL0R9

Brazilian software company Totvs SA TOTS3.SA is eyeing targets for acquisitions this year beyond StoneCo's STNE.O Linx unit, Chief Executive Dennis Herszkowicz said in an interview, adding the company will not need to sell assets to finance deals. nL1N3SL0LR

Clear Group has acquired C R Toogood & Co Limited and two other affiliated companies, the broker said. nL6N3SL0GM

Nippon Steel's <5401.T> $14.9 billion acquisition of U.S. Steel closed, the companies said, confirming an unusual degree of power for the Trump administration after the Japanese company's 18-month struggle to close the purchase.

nL4N3SL0VO

Investment firm Bayview Asset Management will take Guild Holdings private in a $1.3 billion all-cash deal, the mortgage firm said. nL4N3SL0UM

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

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