Just Eat caught up in 5 billion pound festive food fight

FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain
INTERNATIONAL – The battle for Britain’s Just Eat, which pits investment giant Prosus against Dutch food ordering service Takeaway.com , is set to roll on through the Christmas holidays.
Both suitors are seeking to woo shareholders in the British company and secure a deal that will be pivotal for the future of the fast expanding food delivery industry. But if the contest is unresolved as of Dec. 27, as now seems likely, Britain’s Takeover Panel is set to step in and organise a rare auction between the rival bidders.
BIDDING SO FAR

Source: iol.co.za