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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:


** Canada's Fairfax Financial Holdings FFH.TO plans to exit its nearly 11% stake in India's IIFL Finance IIFL.NS, two people familiar with the discussions said.

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** Swedish private equity firm EQT EQTAB.ST has raised its bid to buy Japan's Kakaku.com 2371.T to 3,700 yen per share from 3,683 yen per share, a filing showed on Wednesday.

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** Intesa Sanpaolo's ISP.MI prospective buyout offer for Mediobanca MDBI.MI will retain the terms of the failed bid Monte dei Paschi di Siena BMPS.MI made for the merchant bank earlier this year, according to a document published late on Tuesday.

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** Marsh has agreed to acquire Wilshire — a global investment consulting, solutions and analytics firm that serves institutional investors and financial intermediaries — from private investment firms CC Capital and Motive Partners.

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(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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