Deals of the day- Mergers and acquisitions

March 31, 2015 10:04 AM

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** Philips said it had agreed to sell an 80.1 percent stake in its lighting components division for $2.8 billion to Go Scale Capital, a new investment fund that focuses on "disruptive" technologies.

** The Canada Pension Plan Investment Board and Hermes Infrastructure said they would buy a stake of at least 30 percent in Associated British Ports for about 1.6 billion pounds ($2.36 billion).

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