((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Fannie Mae, Getty Images and Brookfield added; update from US Steel)
The following deals, mergers, acquisitions and divestitures were reported before 2030 GMT Friday:
**Shares of Fannie Mae FNMA.PK and Freddie Mac
FMCC.PK , the mortgage giants under U.S. government control since 2008, hit multi-year highs Friday after federal agencies revealed a framework for their “orderly” release from conservatorship.
** Getty Images Holdings GETY.N is exploring a merger with rival Shutterstock SSTK.N , Bloomberg News reported Friday, citing people familiar with the matter.
** Brookfield BN.TO delayed the sale of its Citypoint tower in London after bids fell short, forcing the property manager to extend debt repayments, a source familiar with the matter said, the latest sign of tension in Britain’s battered office market.
** US President Joe Biden on Friday formally blocked Nippon Steel’s proposed $14.9 billion purchase of US Steel 5401.T, citing national security concerns, dealing a potentially fatal blow to this controversial project after a year of review.
** Norway’s sovereign wealth fund said it has acquired a 45% stake in a portfolio of US logistics properties from the Canada Pension Plan Investment Board, in a new joint venture with Goodman Group, for an amount of 1.07 billion dollars.
** Skydance Media and Paramount Global PARA.O defended their proposed $8.4 billion merger on Thursday, urging the Federal Communications Commission to reject critics’ objections as “unwarranted” and “baseless ”
** Catastrophe insurance specialist SageSure has completed the acquisition of GeoVera Advantage Insurance Services, an earthquake risk underwriter – the combined agency will now operate as a newly formed MGA.
