Deals of the day-Mergers and acquisitions
PYPL•EQT raises Kakaku.com offer
European fund EQT raised its offer for Japanese website operator Kakaku.com to 3,450 yen ($21.25) per share from 3,000 yen, topping a rival offer from a consortium comprising SoftBank subsidiary LY Corp and Bain Capital.
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Perpetual rejects sweetened EQT proposal
Australia's Perpetual said it had rejected a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Swedish private equity firm EQT, marking the second time in just over two weeks that the wealth manager has turned its suitor away.
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Coles ends Greencross talks with TPG Capital
Australia's Coles Group said it had ended discussions with U.S. private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness, sending its shares up as much as 5%.
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PayPal takeover bid seen as undervaluing company
PayPal's board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing regulatory and financing hurdles, a person familiar with the matter said, potentially setting the stage for negotiations over the future of the U.S. payments giant.
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