3rdPartyFeeds News

Takeaway.com gets acceptances for 13.53% of Just Eat shares, extends offer

The Dutch food-delivery company, which is fighting off Prosus N.V. for control of its U.K. peer, urged Just Eat shareholders to accept its offer. Read More...

Takeaway.com N.V. said Thursday that it has received acceptances from Just Eat PLC shareholders owning 13.53% of the U.K. company’s issued share capital, and extended its offer to Dec. 27.

The Dutch food-delivery company TKWY, -0.24%  , which is fighting off Prosus N.V. PRX, +0.74%   for control of its U.K. peer, urged Just Eat JE, +0.03%  shareholders to accept its offer.

Takeaway’s all-stock proposal, which has been recommended by Just Eat’s board, valued the U.K. company at 731 pence a share based on the Dutch company’s share price of 83.55 euros ($93.05) on the last day before the proposed deal was disclosed in July. Takeaway.com shares closed at EUR84.20 on Wednesday.

Prosus, an Amsterdam-listed company which was spun out of South African investor Naspers Ltd NPN, +1.71%   earlier this year and is best known for housing a major stake in Chinese tech giant Tencent Holdings Ltd. 700, +2.65%  , raised its own offer for Just Eat earlier this week.

Prosus’ latest offer is worth 5.1 billion pounds ($6.7 billion), or 740 pence a Just Eat share.

Read More

Add Comment

Click here to post a comment