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 (SAP) received approval from competition regulators in the EU to purchase Business Objects (BOBJ).
The South Carolina Department of Insurance approved Humana's (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 (CCC) purchase of Sequa (SQA) is expected to close on Friday as well.