Takeaway won’t raise bid for Just Eat, which Prosus also wants
Takeaway’s £4.3bn offer, which is backed by Just Eat’s board, will make it the Booking.com of food delivery, says CEO
13 November 2019 - 18:00
Barcelona/Amsterdam — Takeaway CEO Jitse Groen said on Wednesday that he does not intend to increase a £4.3bn (R82bn) offer for Britain’s Just Eat, despite a higher unsolicited bid from larger rival Prosus.
A Takeaway-Just Eat tie-up, which is backed by Just Eat’s boards, would create more value in the long run, Groen told Reuters on the sidelines of a conference in Barcelona. Asked whether he would sweeten the bid, Groen said: “No”...
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