BP PLC has reached a tentative agreement to sell its 50% stake in Russian oil venture TNK-BP to OAO Roseneft for between $26 billion and $28 billion (including $17.1 billion in cash and upwards of a 20% equity stake in Roseneft). www.roseneft.com
Archer Daniels Midland (NYSE: ADM) has offered to acquire Australian grains handler GrainCorp. (ASX: GNC) for $2.76 billion (33% premium to Friday’s closing price). www.admworld.com
SS&C Technologies Holdings Inc. (Nasdaq: SSNC) has acquired Hedgemetrix, an Irving, Texas-based boutique hedge fund administrator. No financial terms were disclosed. www.ssctech.com
The Teachers Retirement System of Texas has agreed to acquire a 3% stake in motor racing group Formula One from Lehman Brothers, according to Reuters. The deal would be valued at approximately $200 million. www.formula1.com
Bertelsmann is considering a bid for scientific journal publisher Springer Science and Business, which could be put on the block in Q1 by owners EQT Partners and GIC, according to the FT. Springer could be valued at between €3 billion and €4 billion. www.springer.com
Triton Private Equity has sold German coal tar distilling company Ruetgers AG to India’s Rain Commodities (BSE: 500339) for €702 million. www.triton-partners.com
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