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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:


** Philips PHG.AS shares were up more than 2.5% Wednesday in the wake of a U.S. Securities and Exchange Commission (SEC) filing showing Exor EXOR.AS, the investment arm of Italy's Agnelli family, has increased its stake in the Dutch healthcare technology group.


** Japan's JX Advanced Metals, a unit of Eneos Holdings 5020.T, said it has agreed to sell an additional 19% stake in the operator of Caserones copper mine in Chile to Canada's Lundin Mining LUN.TO for $350 million.


** Nasdaq NDAQ.O said it has cancelled plans to sell its Nordic power trading and clearing business to Europe's biggest power bourse, the European Energy Exchange (EEX) T3PA.DE.


** British investment trusts Alliance Trust ATST.L and Witan WTAN.L have agreed to merge to create a company managing 5 billion pounds ($6.33 billion) of assets, in the latest example of consolidation in the fund management sector.


** U.S. meal delivery group Doordash DASH.O flagged an interest in a takeover of Britain's Deliveroo ROO.L last month, two people familiar with the matter told Reuters.


** Investment funds Antin ANTIN.PA, Cinven, CVC CVC.AS, KKR KKR.N and Permira have filed offers to buy Spanish pharmaceutical company Rovi's ROVI.MC third-party manufacturing business, Expansion reported citing unidentified market sources.


** British insurer Phoenix Group Holdings PHNX.L said it plans to explore a potential sale of its SunLife business.


** Zurich Insurance ZURN.S announced a $600 million deal to buy AIG's AIG.N global personal travel insurance and assistance business.


** Vedanta Resources will sell a 2.6% stake in Indian metals-to-oil firm Vedanta VDAN.NS to a group of institutional investors, the former said in a statement.


** Investment holding company PCCW 0008.HK said it would sell a 40% stake in Regional Link Telecom Services through a unit for $870 million to CM Capital.


** Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S. liquefied gas export project Commonwealth LNG, it said on Tuesday.


(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

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