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Takeaway.com gets acceptances for 13.53% of Just Eat Shares, Extends Offer

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By Ian Walker

Takeaway.com N.V. said Thursday that it has received acceptances from Just Eat PLC shareholders owning 13.53% of the U.K. company’s issued share capital, and extended its offer to Dec. 27.

The Dutch food-delivery company /zigman2/quotes/201653805/delayed NL:TKWY +1.09%  , which is fighting off Prosus N.V. /zigman2/quotes/214038022/delayed NL:PRX -3.15%   for control of its U.K. peer, urged Just Eat  shareholders to accept its offer.

Takeaway’s all-stock proposal, which has been recommended by Just Eat’s board, valued the U.K. company at 731 pence a share based on the Dutch company’s share price of 83.55 euros ($93.05) on the last day before the proposed deal was disclosed in July. Takeaway.com shares closed at EUR84.20 on Wednesday.

Prosus, an Amsterdam-listed company which was spun out of South African investor Naspers Ltd /zigman2/quotes/205954517/delayed ZA:NPN -2.30%   earlier this year and is best known for housing a major stake in Chinese tech giant Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -2.02%  , raised its own offer for Just Eat earlier this week.

Prosus’ latest offer is worth 5.1 billion pounds ($6.7 billion), or 740 pence a Just Eat share.

/zigman2/quotes/201653805/delayed
NL : Netherlands: Euronext Amsterdam
100.40
+1.08 +1.09%
Volume: 434,291
Aug. 13, 2020 5:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€14.77 billion
Rev. per Employee
€86,944
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/zigman2/quotes/214038022/delayed
NL : Netherlands: Euronext Amsterdam
80.58
-2.62 -3.15%
Volume: 977,565
Aug. 13, 2020 5:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€135.46 billion
Rev. per Employee
N/A
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/zigman2/quotes/205954517/delayed
ZA : South Africa
304,700
-7,183 -2.30%
Volume: 888,348
Aug. 13, 2020 5:00p
P/E Ratio
29.04
Dividend Yield
0.19%
Market Cap
1335.39 billion
Rev. per Employee
3.62M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 510.00
-10.50 -2.02%
Volume: 27.25M
Aug. 13, 2020 4:08p
P/E Ratio
42.61
Dividend Yield
0.24%
Market Cap
HK$4944.40 billion
Rev. per Employee
HK$8.27M
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