Takeaway.com set to win Just Eat bidding war: report
Investors holding more than half of Just Eat stock have expressed their agreement to take the Dutch company’s all-stock bid.
The five-month takeover battle to acquire Just Eat might conclude with Takeaway.com poised to becoming the victor, Bloomberg reports.
Citing people with knowledge of the matter, the report noted that investors holding more than half of Just Eat stock have expressed their agreement to take the Takeaway all-stock bid, including those who plan to accept the bid until it closes on 10 January.
As of 19 December, the Dutch delivery company, which latest offer was raised from 731 pence per share in July to 916 pence per share last December, has received acceptances from investors holding 46.07% Just Eat stock.
Meanwhile, rival Prosus has also raised its final offer to 800 pence per share, valuing Just Eat at £5.5bn compared to Takeaway’s £6.5bn, despite previous rejections from the UK-based company.
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