LONDON - Amvescap PLC is beefing up its Canadian mutual fund business with a planned $1.8 billion deal for Trimark Financial Corp. of Toronto, the sixth-largest fund company in Canada.

The deal, announced Tuesday, is expected to be complete by the end of August and would create the second-largest mutual fund company by assets in Canada, the companies said. Shareholders are to get a combination of cash and stock.

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