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Oct. 22, 2019, 5:07 a.m. EDT

Just Eat rejects 710 pence a share offer from Prosus

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By Steve Goldstein

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.

Read the full story:
Just Eat investors ordered a higher bid. Now they have a £4.9 billion offer

/zigman2/quotes/205192708/delayed
UK : U.K.: London
790.00 p
+5.00 +0.64%
Volume: 2.92M
Dec. 13, 2019 4:35p
P/E Ratio
136.21
Dividend Yield
N/A
Market Cap
£5.34 billion
Rev. per Employee
£161,688
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/zigman2/quotes/214038022/delayed
NL : Netherlands: Euronext Amsterdam
61.78
+1.28 +2.12%
Volume: 920,196
Dec. 13, 2019 5:36p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€98.29 billion
Rev. per Employee
N/A
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