Prosus sweetens bid to break up Just Eat's Takeaway.com merger plans but it needs more to win the order
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just Eat shareholders have been offered a little sugar to take away by the Dutch outfit trying to break up the company’s planned all share merger with rival Takeaway.com. The Takeaway deal has the support of some powerful investors, notably Cat Rock Capital, a top ten shareholder which has said it would require a fat tip indeed to agree to Prosus’ offer, having mentioned the figure of 925p. On the other hand, even though it’s by no means clear how Prosus will go about making Just Eat fly higher than Takeaway could, it is dangling cold hard cash in front of sharholders' noses, the prospect of “certainty” at a modest premium.
History of this topic
Just Eat Takeaway.com set to be acquired by tech investor Prosus for nearly $4.3 billion
Associated Press
Just Eat to be bought out in huge deal to shake up food delivery sector
The Independent
Just Eat to be bought by investment group Prosus in £3.4bn deal
The Independent
Prosus bids €4.1 billion for delivery group Just Eat Takeaway
Dutch News
Just Eat Takeaway acquired in €4.1 billion deal
NL Times
Competition probe into Just Eat and Takeaway.com merger ‘shocking and unwarranted’, says investor
The Independent
Just Eat: Second Dutch-based firm makes takeover bid for food-delivery company
The Independent
Just Eat: Prosus makes takeover bid as it tries to beat Uber Eats and Deliveroo
CNN
Just Eat in £9bn merger with Takeaway.com to create global food delivery giant
The Independent
Just Eat gobbled up by Dutch rival Takeaway.com
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