Prosus, Takeaway place final offers in Just Eat food battle
INTERNATIONAL – Takeaway.com raised its bid for Just Eat Plc just minutes after Prosus NV upped its offer, in last-ditch attempts of an ongoing battle to claim ownership of the U.K. food-delivery firm.
The Dutch group said Thursday it increased its offer to 916 pence per share, with Just Eat holders to own 57.5% of the combined group. Amsterdam-listed Prosus also increased its cash offer, to 800 pence per share, valuing the company at about 5.5 billion pounds ($7.2 billion). Both companies said these were their final offers and they would not be increased.
Shares of Takeaway dropped as much as 10% on the news. Shares in Prosus rose just over 1%.
Source: iol.co.za
