Teller Report

Now you can see non-English news...

Prosus joins the fight for meal delivery company Just Eat

2019-10-22T09:21:34.267Z

Investment fund Prosus has made an offer for the British meal delivery company Just Eat. Prosus wants to pay around 4.9 billion pounds (5.7 billion euros) for the British company. The bid of the investment fund is therefore about 20 percent higher than the bid of the Dutch Takeaway.com for Just Eat.



Investment fund Prosus has made an offer for the British meal delivery company Just Eat. Prosus wants to pay around 4.9 billion pounds (5.7 billion euros) for the British company. The bid of the investment fund is therefore about 20 percent higher than the bid of the Dutch Takeaway.com for Just Eat.

Prosus' offer can throw a spanner in the works of Takeaway, known for home delivery. Takeaway reached an agreement with the British meal delivery company in July about a merger. The proposal only has to go through the shareholders of the two companies, but because of the higher offer, Just Eat shareholders can of course opt for the higher offer from Prosus.

Just Eat says he has rejected the offer of £ 7.1 per share. "We have the effect that the Just Eat offer, its assets and future prospects are considerably undervalued. That is why the board also recommends that shareholders ignore the Prosus offer," Just Eat said in a response.

Proxus' offer is lower than the current stock price. Nevertheless, the share of Just Eat shot up by almost 24 percent on the London stock exchange after the news coverage. Investors may speculate that there will be an even higher bid.

Source: nunl

Similar news:

You may like

Trends 24h

Business 2019-12-11T22:03:18.819Z

Latest

business 2019/12/12    

© Communities 2019 - Privacy