Deals of the day-Mergers and acquisitions
(Adds Novartis, Investcorp, Sony)
May 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1600 GMT on Tuesday:
** Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer and the second on other drugs, while switching out its current pharma head in the second high-profile management reshuffle this year.
** 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.