Just Eat /zigman2/quotes/205192708/delayed UK:JE +0.64% said it's rejected the 710 pence a share bid from Prosus /zigman2/quotes/214038022/delayed NL:PRX +2.12% that was announced earlier on Tuesday. "The Board of Just Eat has considered the terms of the Prosus Offer and believes that it significantly undervalues Just Eat and its attractive assets and prospects both on a standalone basis and as part of the proposed recommended all-share combination with Takeaway.com," the company said. Just Eat said it had rejected earlier indicative bids from Prosus, and that it's provided due-diligence information to Prosus.
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Just Eat investors ordered a higher bid. Now they have a £4.9 billion offer