Deals of the day -- mergers and acquisitions
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...