Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • Bitcoin USD

    60,757.46
    -1,616.03 (-2.59%)
     
  • CMC Crypto 200

    1,266.59
    -91.42 (-6.73%)
     
  • S&P 500

    5,215.39
    +1.31 (+0.03%)
     
  • Dow

    39,475.99
    +88.23 (+0.22%)
     
  • Nasdaq

    16,313.45
    -32.81 (-0.20%)
     
  • Gold

    2,371.90
    +31.60 (+1.35%)
     
  • Crude Oil

    78.53
    -0.73 (-0.92%)
     
  • 10-Yr Bond

    4.5060
    +0.0570 (+1.28%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

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.

ADVERTISEMENT

** 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)