Deals of the day-Mergers and acquisitions
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On January 2, several significant mergers and acquisitions were reported. Munich Re's Ergo International acquired ADB Gjensidige, including its branches in Estonia and Latvia. Devyani International's stock rose 8.3% following its $934 million merger with Sapphire Foods. Bain Capital is purchasing a 43.66% stake in Echo Marketing for $150.14 million. Additionally, Sphere Corp is set to buy a 10% stake in Nickel Industries' Excelsior Nickel Cobalt project in Indonesia, valued at $2.4 billion.
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