GC Asia
Loan mart misses out on Just Eat financing
The sluggish European loan market has been dealt another blow this week, after Takeaway.com got overwhelming support for its all share merger with Just Eat to kill a £5.5bn ($7.16bn) loan funded rival offer from Prosus.
Shareholders for UK food ordering and delivery company Just Eat turned out in droves to approve Takeaway.com’s offer, with 80.4% of shareholders giving the deal the thumbs-up — breezing through the 50% approval rating the company required.
The deal values Just Eat at £5.9bn, equal to 889 pence a ...Please take a trial or subscribe to access this content.
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