Deals of the day: Mergers and acquisitions
MMC•Fairfax Financial plans to exit its nearly 11% stake in IIFL Finance; EQT raised its Kakaku.com bid to 3,700 yen per share; Intesa Sanpaolo’s prospective Mediobanca offer will retain terms from a failed bid; and Marsh agreed to acquire Wilshire.
1. Reported deals
Fairfax Financial Holdings plans to exit its nearly 11% stake in IIFL Finance, two people familiar with the discussions said. EQT raised its bid for Kakaku.com to 3,700 yen per share from 3,683 yen, a filing showed. Intesa Sanpaolo’s prospective buyout offer for Mediobanca will retain the terms of Monte dei Paschi di Siena’s failed bid earlier this year, a document published late Tuesday showed. Marsh agreed to acquire Wilshire from private investment firms CC Capital and Motive Partners.
