The Texas Rangers have acquired right-hander Ryan Dempster from the Chicago Cubs, multiple sources reported minutes before the 4 p.m. ET trade deadline.
Class A third baseman Christian Villanueva and Class A right-hander Kyle Hendricks will go to the Cubs in the trade, Evan Grant of the Dallas Morning News reported.
The Atlanta Braves and Los Angeles Dodgers were favorites to acquire Dempster, but the Rangers jumped in late and got the 35-year-old. Dempster had to waive his no-trade clause to approve any deals.
Dempster is 5-5 with a 2.25 ERA in 104 innings pitched this season.
He is scheduled to make his first start for the Rangers on Thursday against the Angels.
--The Dodgers acquired outfielder Shane Victorino from the Phillies for relief pitcher Josh Lindblom and Double-A pitcher Ethan Martin, Yahoo Sports first reported.
Victorino, 31, is in a contract year and has reportedly asked the Phillies for a multi-year contract in the same range as the deal the Orioles' Adam Jones received in the spring -- six years, $85 million. But the switch-hitting centerfielder was batting .261 with nine home runs and 40 RBIs entering play Tuesday.
Martin was the Dodgers' third-best prospect according to Baseball America. The hard-throwing right-hander has swing-and-miss stuff, but control has been erratic.
---The Philadelphia Phillies traded right fielder Hunter Pence to the San Francisco Giants on Tuesday, parting with two of their starting outfielders in a span of about two hours to signal the start of a rebuilding phase for the five-time defending National League East champions.
The Phillies announced the trade Tuesday.
The Giants agreed to trade outfielder Nate Schierholtz, top catching prospect Tommy Joseph and minor league right-hander Seth Rosin to the Phillies in addition to cash considerations in the deal.
--The Chicago Cubs completed a deal Tuesday that sends catcher Geovany Soto to the Texas Rangers for minor league right-hander Jake Brigham and a player to be named or cash consideration.
The deal was reported on Monday night as Soto was pulled from the Cubs' game against the Pittsburgh Pirates in the sixth inning, but was not finalized until Tuesday morning, according to MLB.com.
Soto hit .199 in 52 games for the Cubs and was on the disabled list earlier in the season because of a left knee injury.
Soto, the 2008 National League Rookie of the Year, is owed $4.3 million this year, and
--The Miami Marlins traded first baseman Gaby Sanchez to the Pittsburgh Pirates for outfielder Gorkys Hernandez, right-handed reliever Kyle Kaminska and a competitive balance pick, multiple sources reported Tuesday.
Sanchez has struggled with a .202 batting average this season and was sent down to the minors July 5 to try to work through those struggles. He hit 19 homers in 2010 and 2011 and entered this season with a .269 career average.
Kaminska has a 5.20 ERA with the Marlins top two minor league affiliates and Hernandez has appeared in 25 games for the Pirates this year.
--Right-handed reliever Jonathan Broxton was acquired by the Reds from Kansas City, according to FOXSports.com's Ken Rosenthal.
The Reds gave up two minor-league pitchers -- Donnie Joseph and Juan Carlos Sulbaran.
The 28-year-old Broxton has a 2.27 ERA with 23 saves in 35 2/2 innings this season. However, he has pitched only one inning since July 20 due to the Royals' recent slide. Broxton has pitched only five innings all month.
--In need of infield reinforcement with Alex Rodriguez sidelined due to a broken left hand and Mark Teixeira nursing a sore left wrist, the New York Yankees acquired Casey McGehee from the Pittsburgh Pirates in exchange for reliever Chad Qualls.
The Yankees will replace Qualls in the bullpen by recalling Joba Chamberlain from his rehab assignment, general manager Brian Cashman said.
McGehee, 29, has been the Pirates' regular first baseman this season, but he was the Milwaukee Brewers' regular third baseman the previous two years. His trade value was down thanks to his disappointing numbers this year: .230 average and eight homers.
Qualls, 33, is 2-1 with a 4.89 ERA in 43 appearances.
--Right-handed reliever Edward Mujica was acquired by the Cardinals, who sent third baseman Zack Cox to the Marlins, according to the MLB Network.
Mujica, 28, has a 4.38 ERA in 39 innings this season. Cox, 23, is batting .254 for Class AAA this season.
--Left-handed reliever Craig Breslow was acquired by the Red Sox, who sent outfielder Scott Podsednik and pitcher Matt Albers to the Diamondbacks, according to FOXSportsArizona.com.
Breslow, who signed a one-year deal worth around $1.8 million over the offseason, has a 2.70 ERA in 43 1/3 innings this year.
Podsednik, 36, has missed time with a groin injury, but is hitting .387 in 70 plate appearances.
Albers has a 2.29 ERA in 39 1.3 innings pitched in 2012.
--The Boston Red Sox traded first baseman-outfielder Lars Anderson to the Cleveland Indians for right-hander Steven Wright on Tuesday.
The deal was announced by the Indians.
Anderson, 24, has spent most of the season at Class AAA Pawtucket where he has hit .259 with 22 doubles, nine home runs and 52 RBI.
Wright went 9-6 with a 2.49 with Class AA Akron.
--- The Pirates acquired outfielder Travis Snider from Toronto for right-handed reliever Brad Lincoln. Snider is expected to play regularly in right field.
Snider, 24, has spent most of the season at Class AAA Las Vegas and hit .250 with three home runs and eight RBI in 10 games with the Blue Jays. At Las Vegas, he batted .335 with 13 homers and 57 RBI in 61 games.
--The Philadelphia Phillies took left-hander Cliff Lee off the trade market Tuesday, according to ESPN.com.
The Texas Rangers were reportedly in the mix to acquire Lee before the 4 p.m. ET trade deadline, but the Phillies may have been asking for too much in return.
Lee is 1-6 with a 3.95 ERA this season.