Deals of the day-Mergers and acquisitions
PYPL•M&A updates
July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
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Australia's Perpetual has rejected a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Swedish private equity firm EQT, it said, the second time the wealth manager has turned away its suitor in recent weeks.
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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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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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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%.
