The board of the British meal delivery company Just Eat unanimously supports the merger proposal of the Dutch company Takeaway.com and advises shareholders not to accept the takeover bid of the tech investor Prosus, listed in Amsterdam.

According to the board, Just Eat’s Prosus bid of 710 pence per share is significantly undervalued. Incidentally, Just Eat had previously advised shareholders not to accept Prosus’ offer and to support the deal with Takeaway. This merger takes place via a share exchange.

Takeaway CEO Jitse Groen presented his own statement, in which he said he was very committed to the deal with Just Eat. Takeaway’s proposition is “very superior” to Prosus’ offer for Just Eat, the report said.