$re = '/(?<=[a-z])(=+)(?!\s)/m';
$str = '<!-- This is an automatically generated file.
It will be read and overwritten.
DO
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=UTF-8">
<TITLE>Bookmarks</TITLE>
<H1>Bookmarks</H1>
<DL><p>
<DT><A HREF="https://translate.google.com/details?sl=en&tl=ar&text=groundwork&op=translate" ADD_DATE="1666511420" ICON="data:image/png;base64,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">underlag/groundwork/foundation/العمل التحضيري/الأساس/</A>
<DT><H3 ADD_DATE="1727566144" LAST_MODIFIED="1727566144">produksjonsunderlag=production basis=()(أساس الإنتاج )</H3>
</DL><p>
<DT><H3 ADD_DATE="1727566144" LAST_MODIFIED="1727566144">antitrust==(مكافحة الاحتكار)</H3>
<DL><p>';
$subst = "|";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php