Takeaway.com defends Just Eat merger from hostile Prosus

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By Mike Turner
04 Nov 2019

The bidding war for UK food delivery service Just Eat took a fresh turn on Monday, with initial suitor Takeaway.com lowering the threshold for approval as it looks to fight off rival bidders.

This comes almost three weeks after Dutch firm Prosus made a hostile debt-backed bid of about £4.9bn for Just Eat at a 20% premium to Takeaway.com’s offer. 

“The Just Eat Takeaway.com combination offers its shareholders a future value far superior to both Just Eat and Takeaway.com separately, and to the ...

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