ONLINE FOOD DELIVERY
Just Eat should jump at the Prosus offer already
Prosus isn’t budging on its price for the UK’s Just Eat. Which sounds good, but is it buying a cherry or a lemon?
Prosus has no intention of upping its 710p a share hostile bid for British food delivery business Just Eat.
Given the wreckage in global food delivery counters currently, it’s amazing that investors seem to think a higher price might be needed to beat off the merger attempt by UK-based Takeaway, which is supported by the Just Eat board.