Prosus sticks with $6.3bn Just Eats bid but lowers threshold
LONDON – Prosus held firm on its $6.3 billion offer to buy Just Eat on Monday as it argued the merits of its bid versus one from Takeaway.com for the British online takeaway delivery firm.
The one change in the offer published on Monday by the Dutch arm of South African internet giant Naspers was an acceptance threshold lowered to 75% from 90%.
“We actually believe that financial markets are under- estimating the cost of implementing the transformation Just Eat requires to protect its market position and to capitalise on its long-term opportunity,” Prosus CEO Bob Van Dijk said.
Source: iol.co.za
