Deals of the day-Mergers and acquisitions – Kalkine Media
Events that impact markets, stocks, IPOs, commodities, forex from regional to international – We’ve got it all covered.
Sectoral breakdown of the latest in business, stock markets and economy. Here’s what trending today!
Your go-to page for detailed info on Canada-listed companies – from their origin to latest updates to contact information.
Seasoned investors or newbie traders, our financial education corner has something for everyone.
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)
…
The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Copyright © 2022 Kalkine Media Incorporated. All Rights Reserved.
Welcome to Kalkine Media Pty Ltd. website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media LLC website. Your website access and usage is governed by the applicable Terms and Conditions & Privacy Policy.
Welcome to Kalkine Media New Zealand Limited website. Your website access and usage is governed by the applicable Terms and Conditions & Privacy Policy.
Welcome to Kalkine Media Incorporated website. Your website access and usage is governed by the applicable Terms and Conditions & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.
Welcome to Kalkine Media Limited website. Your website access and usage is governed by the applicable Terms of Use & Privacy Policy.