Deals of the day -- mergers and acquisitions

Mon Jul 8, 2013 4:00pm EDT
 
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July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Shareholder advisory firm ISS recommended Dell Inc shareholders vote in favor a $24.4 billion buyout offer for the PC maker from founder and Chief Executive Michael Dell, increasing the odds that his bid will succeed.

** Shareholders in Clearwire Corp voted on Monday to approve majority owner Sprint Nextel Corp's buyout of the rest of the company, ending a six-month battle for control of the small U.S. wireless operator. Sprint, which is itself being bought by Japan's SoftBank Corp, just needed approval from a majority of the minority shares. Clearwire said it expects to close the deal on July 9. SoftBank is expected to close its $21.6 billion purchase of 78 percent of Sprint the day after.

** Lloyds Banking Group shares jumped to a 2-1/2 year high on Monday as overseas investors stepped up their interest in buying part of the bank, with media reports suggesting some may want half the government's stake.

Former Standard Chartered chief executive Mervyn Davies is talking to others about forming a consortium to be an "anchor" or cornerstone investor in part-nationalised Lloyds which the government is planning to sell, a person familiar with the matter said.

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