The British meal order company Just Eat remains behind the merger proposal with Takeaway.com. The company reported this in response to the higher bid from both tech investor Prosus and Takeaway.
Prosus and Takeaway have long been engaged in a takeover battle for Just Eat. Prosus increased its offer to 800 pence per share from 740 pence per share. Takeaway offers the shareholders of Just Eat a greater interest in the merger company, bringing the bid per share to 916 pence.
The board of Just Eat previously unanimously supported the merger proposal of the Dutch company Takeaway, which aims to support 50 percent of the shares plus one. If the merger deal continues, Just Eat Takeaway.com will be based in Amsterdam, but will take over the listing of Just Eat on the London stock exchange. The listing of Takeaway in Amsterdam is canceled.
Prosus also applies an acceptance threshold of 50 percent of the shares plus one. Both Takeaway and Prosus indicate that they do not want to make a higher offer. Both ruffs also use the same deadline of January 10.