Just Eat Rejects Raised Bid From Prosus
December 10 2019 - 2:43AM
Dow Jones News
By Adriano Marchese
Just Eat PLC (JE.LN) said Tuesday that it has rejected the
latest Prosus N.V. (PRX.AE) takeover bid, and that it continues to
recommend that shareholders accept the Takeaway.com N.V. (TKWY.AE)
offer.
The company said the board continues to believe the
740-pence-a-share offer by Prosus significantly undervalues Just
Eat and its assets and prospects, both on a standalone basis and as
a part of the proposed combination with Takeaway.com.
The board also said that it continues to believe that the
Takeaway.com combination is based on a compelling strategic
rationale that allows shareholders to participate in the upside
potential of the enlarged group, and will deliver greater value
creation than the Prosus offer.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 10, 2019 02:28 ET (07:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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