No new mergers or LBOs were announced yesterday, but several pending mergers received approvals from various regulatory bodies.
The FTC approved A&P's (GAP) planned buyout of Pathmark (PTMK) with the condition that A&P sell six stores on Long Island and Staten Island. A&P agreed to the conditions.
SAP (NYSE:SAP) received approval from competition regulators in the EU to purchase Business Objects (BOBJ).
The South Carolina Department of Insurance approved Humana's (NYSE:HUM) acquisition of KMG America (KMA). The press release announcing this approval also stated that the deal is expected to close on November 30.
An announcement was made that Carlyle's (NYSE:CCC) purchase of Sequa (SQA) is expected to close on Friday as well.