Takeaway.com places new shares, convertible bonds to fund German M&A

tAKEAWAY.COM COMPANY PRESS ROOM CORRECT SIZE PA 230X150
By Aidan Gregory
18 Jan 2019

Takeaway.com, the Dutch online food ordering company, hit the market on Thursday night with its pre-announced sale of new shares and convertible bonds to fund its €930m acquisition of Delivery Hero’s German operations. Both tranches of the trade attractive significant demand.

Launched on Thursday evening, the share sale initially consisted of up to 6.5m new shares, a 15% capital increase. The €250m convertible bond is due in January 2024 and had an initial coupon range of 2% to 2.5% and were marketed with a conversion premium of 32.5% to ...

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