Deals of the day- Mergers and acquisitions
(Adds National Australia Bank, Hewlett-Packard, UPS; updates Mahindra & Mahindra)
Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid toward a five-year low.
** National Australia Bank's wealth management division has acquired a stake of nearly 75 percent in London-based fund Orchard Street Investment Management in a deal worth 4 billion pounds ($6.42 billion), the Australian Financial Review reported.
** Private equity buyout firm TPG has approached troubled British grocer Tesco Plc to buy its data gathering and analysis subsidiary Dunnhumby, which is worth well over 2 billion sterling, the Sky News reported on Monday.
** Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday. Continued...