Thursday, December 12, 2019

Takeaway.com gets acceptances for 13.53% of Just Eat Shares, Extends Offer - MarketWatch

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, +1.03%   for control of its U.K. peer, urged Just Eat JE, +0.13%  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, +1.85%   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.

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December 12, 2019 at 02:50PM
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Takeaway.com gets acceptances for 13.53% of Just Eat Shares, Extends Offer - MarketWatch
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