Deals of the day -- mergers and acquisitions

Wed Jul 24, 2013 4:01pm EDT
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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...