Investor Cat Rock once again calls on shareholders of the British meal delivery company Just Eat to agree to the merger proposal of the Dutch company Takeaway.com. Cat Rock did that through an open letter. Cat Rock itself accounts for a stake of approximately 3 percent in Just Eat.

According to an estimate by the investor, a share in the merged company could be worth around 1200 pence by the end of next year. That amounts to a substantial increase in value for the shareholders of Just Eat.

The merger between Takeaway and Just Eat must go through a stock deal. The Dutch company is aiming for support from 75 percent of the shareholders. Takeaway’s proposal has the support of the Just Eat board.

Tech investor Prosus has also made an offer to acquire Just Eat. That offer amounts to 710 pence per share, which, according to Cat Rock, amounts to a significant undervaluation of Just Eat. Nor would the plans of Prosus have as much potential as those of Takeaway.