Takeaway.com Sweetens Offer for Just Eat, Declares Bid Final
19 Décembre 2019 - 5:13PM
Dow Jones News
By Adria Calatayud
Dutch food-delivery company Takeaway.com NV (TKWY.AE) said
Thursday that it has sweetened its all-stock offer to merge with
U.K. peer Just Eat PLC (JE.LN), shortly after rival suitor Prosus
NV (PRX.AE) raised its own bid.
Takeaway's offer, which is final and won't be increased, said
its raised bid values Just Eat at 916 pence a share based on the
Dutch company's closing price on Wednesday.
Just Eat shareholders will own 57.5% of the combined group,
Takeaway said, up from 52.12% under its previous offer.
The offer will remain open for acceptances until Jan. 10,
Takeaway said.
Takeaway said it has also reduced the acceptance condition to a
simple majority from 75% previously. The company said it has
received acceptances and commitments from shareholders representing
41.09% of Just Eat.
Earlier on Thursday, Prosus raised its cash bid for Just Eat to
800 pence a share from 740 pence a share, valuing the company at
5.5 billion pounds ($7.2 billion), as it declared its offer
final.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 19, 2019 10:58 ET (15:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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