Deals of the day -- mergers and acquisitions
July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
** Dell Inc founder Michael Dell raised his $24.4 billion bid by $150 million on condition that shareholder voting rules are changed so that it will be easier for him to take the No.3 personal computer maker private.
** U.S. fund Blackstone has bought 18 protected rent housing blocks from Madrid city council for 125.5 million euros ($165.89 million), the council said, in one of the first private equity purchases of publicly owned housing in Spain.
** Israeli holding company IDB Development Corp is in advanced talks to sell a 30 percent stake in Clal Insurance to a group of investors based in China at a company valuation of 4.6 billion shekels ($1.3 billion).
** JSW Steel, India's third-largest steelmaker, has expressed interest in buying British steel trader Stemcor's Indian iron ore assets, joining at least three other interested parties, two sources at the companies said. Continued...