Deals of the day-Mergers and acquisitions
Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Friday:
India's KFC, Pizza Hut operator Devyani International DEVY.NS jumped as much as 8.3% after announcing the long-anticipated $934 million merger with smaller peer Sapphire Foods SAPI.NS, creating a fast-food major poised to challenge market leader Jubilant Foodworks.
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Bain Capital is buying a 43.66% stake in South Korea's Echo Marketing 230360.KQ, which owns local activewear brand Andar, from its founder and another shareholder for 216.6 billion won ($150.14 million), Echo said in a regulatory filing.
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Australia's Nickel Industries
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