Feb 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** Paramount Skydance <PSKY.O> submitted a higher offer for Warner Bros Discovery <WBD.O>, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.

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** Australian life insurer ClearView Wealth <CVW.AX> said it has agreed to be acquired by a local unit of Zurich Insurance Group <ZURN.S>, Europe's second-largest insurer by market value, for A$408.3 million ($288.30 million).

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** Canadian railroad contractor Cando Rail & Terminals will buy U.S. peer Savage Rail as it expands its footprint across the U.S., Cando announced on Monday.

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** Citigroup <C.N> said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))