Deals of the day- Mergers and acquisitions

Tue May 17, 2016 9:33am EDT
 
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(Adds Bahrain Telecommunications, Petroleo Brasileiro, State Bank of India)

May 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** State-controlled Petroleo Brasileiro SA plans to sell 5- and 10-year dollar-denominated bonds as early as Tuesday, alongside a repurchase of up to $3 billion of debt due in 2018, in an effort by the debt-laden Brazilian oil producer to cut repayment risk in coming years.

** Office Depot Inc said on Monday it was considering selling some of its European operations, nearly a week after the No.2 office supply chain and bigger rival Staples Inc called off their merger due to antitrust concerns.

** Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent companies.

  Continued...