October 2, 2018 / 10:02 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Walmart, Emerson Electric, Exxon, Banco Bradesco, PIMCO)

Oct 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Walmart Inc said it will acquire Eloquii, a fashion startup that sells plus-sized clothing, for an undisclosed amount as it continues to look for ways to appeal to younger shoppers and differentiate from rival Amazon.com Inc .

** The U.S. Federal Trade Commission approved casino operator Penn National Gaming Inc’s $2.8 billion purchase of Pinnacle Entertainment Inc, requiring they divest assets in three Midwestern cities.

** Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher prices prompt the world’s largest publicly traded oil company to review its portfolio, people familiar with the matter said.

** French utility Veolia has agreed to sell its 30 percent stake in transport company Transdev to Germany’s Rethmann Group for 340 million euros ($393 million), raising capital and allowing Veolia to focus more on its main businesses.

** U.S. aerospace and industrial company United Technologies Corp has won U.S. approval to buy avionics maker Rockwell Collins Inc, as long as it sells certain assets, with Chinese approval of the deal still pending.

** Thomson Reuters Corp, said it had completed the sale of a majority stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP.

** Factory automation equipment maker Emerson Electric Co agreed to buy General Electric Co’s intelligent platforms business, a day after the conglomerate replaced its chief executive officer.

** Brazil’s Banco Bradesco SA has acquired a 65 percent stake in the Brazilian subsidiary of PRA Group Inc for 224 million reais ($57.3 million), a source with knowledge of the matter told Reuters.

** PIMCO, a part of German insurer Allianz SE, said it will buy municipal bond manager Gurtin, and together manage $38 billion in dedicated municipal bond assets. (Compiled by John Benny and Soundarya J in Bengaluru)

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