Just Eat chooses Takeaway offer, spurning Prosus
Takeaway, which is offering 916p a share, says that, unlike Prosus, it knows how to run a food-delivery start-up rather than just own one
Brussels/London — Just Eat has chosen a revised offer by Takeaway.com to merge and spurned a final all-cash bid by Prosus — the international internet assets division of Naspers — which appears all but set to lose the drawn-out fight to claim ownership of the British food-delivery firm.
On Friday, the UK company said its board recommended Takeaway’s final offer because it would deliver greater value to Just Eat shareholders than Prosus’s final revised bid. Just Eat has also rejected Prosus’s previous bids. Takeaway said on Thursday that it increased its offer to 916p per share, with Just Eat holders to own 57.5% of the combined group...
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