Deals of the day-Mergers and acquisitions
(Adds: Stellantis, Ancora Holdings Group, Intesa Sanpaolo, New Delhi Television Ltd; Updates: Ant Group, United Rentals)
Nov 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 P.M. GMT on Monday:
** Indian conglomerate Adani Group moved a step closer in its takeover of news broadcaster New Delhi Television Ltd with an approval from the market regulator to buy an additional 26% stake, according to a person familiar with the matter.
** Italy's Intesa Sanpaolo said it was selling its entire 5.1% stake in Nexi, in an effort to cash in on a recent rally in shares of the payments group.
** Activist investor Ancora Holdings Group said on Monday Ritchie Bros Auctioneers Inc's $7.3 billion buyout deal for U.S.-based vehicle marketplace IAA Inc was a "poorly structured sweetheart deal" and it will push for better terms.
** Solar battery storage company Electriq Power Holdings Inc said it would go public through a merger with blank-check firm TLG Acquisition One Corp, in a deal valuing the combined company at $495 million.
** United Rentals Inc said it would acquire the assets of smaller rival Ahern Rentals Inc for about $2 billion in cash, as the equipment rental firm looks to expand its U.S. presence. ** Temasek Holdings is considering selling Advanced MedTech, multiple sources told Reuters, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. ** Asset manager Kalrock Capital Partners said that probes into its investor Florian Fritsch have no impact on its acquisition of Indian airline Jet Airways. [USN:nL4N32A162] ** The board of British clothing company Joules said it planned to appoint administrators after failing to find a new investor, becoming the latest retailer to face collapse as consumer finances are squeezed. ** Saudi Arabia's Public Investment Fund has sold a 10% stake in stock exchange operator and owner Saudi Tadawul Group through a secondary share offering, raising 2.3 billion riyals ($612 million), it said in a statement on Sunday. ** German military equipment manufacturer Rheinmetall said on Sunday it has agreed to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 billion euros ($1.24 billion). ** Saudi Arabia's Public Investment Fund has sold a 10% stake in stock exchange operator and owner Saudi Tadawul Group through a secondary share offering, raising 2.3 billion riyals ($612 million), it said in a statement on Sunday. ** Crypto exchange FTX filed for U.S. bankruptcy protection on Friday and its founder Sam Bankman-Fried resigned as chief executive, after the biggest blowup in the crypto industry drew calls for tighter regulation. (Compiled by Sriparna Roy and Granth Vanaik in Bengaluru)