By Evan Applegate



Loblaw buys Shoppers Drug Mart. The Canadian supermarket chain will gain 1,240 drugstores in the nation’s largest retail acquisition to date. The purchase of Shoppers’ smaller, inner-city stores will help Loblaw avoid direct competition with Target and Wal-Mart Stores, which are opening big suburban outlets as part of an aggressive expansion into Canada.


Schneider Electric bids for Invensys. Analysts at Makor Capital don’t see any other companies making offers for the British industrial control system firm.


Baidu acquires app store 91 Wireless. The owner of China’s largest search engine hopes to get more cell phone users to download its mobile app.


Bally Technologies buys SHFL Entertainment. The slot machine maker will gain increased presence on casino floors in vital Asian and Australian markets.


AT&T purchases Leap Wireless International. The deal continues consolidation in the industry and expands the telecom giant’s pay-as-you-go offerings.


Brazilian phone company Oi sells assets. Grupo BTG Pactual will receive undersea cables, and SBA Communications will get use of transmission towers.


MB Financial buys Taylor Capital Group. The commercial bank will pay a 24 percent premium to merge with its fellow Chicago-based lender.


Abbott Laboratories acquires Idev Technologies and OptiMedica. The medical device maker will get a new arterial stent and a laser system for cataract surgery.


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