Takeaway adjusts offer for Just Eat to thwart rival Prosus
Just Eat continues to recommend its shareholders back Takeaway’s offer
04 November 2019 - 18:25
Bengaluru — Takeaway.com has changed its line of attack in the battle to buy food delivery ordering service Just Eat, effectively lowering the threshold for approval of its offer as it seeks to fend off rival suitor Prosus.
Just Eat had previously agreed on the terms of a £4.7bn (R89.5bn) all-share deal that prompted internet giant Prosus to weigh in with an unsolicited cash offer of $6.3bn, or 710p per share, setting an increasingly fractious contest in motion...
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