Deals of the day -- mergers and acquisitions

Mon Jul 15, 2013 9:31am EDT
 
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July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Loblaw Cos Ltd, Canada's largest food retailer, will buy Shoppers Drug Mart Corp for C$12.4 billion ($11.9 billion), as it faces increasing competition from Target Corp and Wal-Mart Stores Inc.

** General Electric Co is gearing up for a 3.5 billion pound ($5.3 billion) counterbid for British engineer Invensys that would trump last week's offer from France's Schneider Electric SA, a newspaper said on Sunday.

** AT&T Inc will buy Leap Wireless International Inc for $1.19 billion, paying almost double the current value of the prepaid mobile service provider as major U.S. carriers scramble to acquire valuable wireless spectrum.

** MB Financial Inc said it would buy Taylor Capital Group Inc for about $680 million in a cash and stock deal that is expected to double the company's commercial banking market share in the Chicago area.   Continued...