Deals of the day-Mergers and acquisitions
Reuters2026/07/17 09:41July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:
** PayPal's <PYPL.O> 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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** Australia's Perpetual said it had rejected a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Swedish private equity firm EQT <EQTAB.ST>, marking the second time in just over two weeks that the wealth manager has turned its suitor away.
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** European fund EQT raised its offer for Japanese website operator Kakaku.com <2371.T> to 3,450 yen ($21.25) per share from 3,000 yen, topping a rival offer from a consortium comprising SoftBank subsidiary LY Corp <4689.T> and Bain Capital.
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** Australia's Coles Group <COL.AX> 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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(Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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