Takeaway extends Just Eat takeover offer as it secures a slice of the vote December 12, 2019 Takeaway.com today said it has secured support for its Just Eat takeover offer from a chunk of shareholders, as it flexed its muscles amid a frantic bidding war with Prosus. The Dutch food delivery firm has tabled an all-share offer worth roughly £4.3bn, which has been recommended by the Just Eat board. Read more: Just [...]
Takeaway.com lashes out at Prosus ‘scaremongering’ in battle to buy Just Eat December 3, 2019 Takeaway.com has accused Prosus, the company it is competing against to buy Just Eat, of “scaremongering” to try to persuade shareholders to accept its rival offer. The Dutch food delivery firm has had a £5bn bid accepted for Just Eat but tech group Prosus has come in with a rival 710p per share offer. Read [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]
Cat Rock says Prosus will have to raise Just Eat bid to 925p per share December 2, 2019 Activist investor Cat Rock has said it will throw its weight behind Just Eat’s Takeaway.com merger unless Prosus raises its offer to 925p per share. The Dutch food delivery firm has had a £5bn bid accepted for Just Eat but tech group Prosus has come in with a rival 710p per share offer. Read more: [...]
Just Eat investor Cat Rock backs Takeaway offer amid ‘terrible value destruction’ November 26, 2019 A major Just Eat shareholder has urged fellow investors to back a takeover offer from Takeaway.com, saying the deal was necessary to avert the firm’s “terrible value destruction”. Cat Rock Capital, which holds a stake of roughly 2.6 per cent in the delivery firm, today threw its weight behind Takeaway’s offer, which values Just Eat’s [...]
Prosus and Takeaway.com trade blows in battle for Just Eat November 20, 2019 The two companies competing to take over food delivery firm Just Eat were locked in a war of words today as they vied to win the favour of shareholders. Prosus said the bid made by rival Takeaway.com represented “significant risks” and underestimated how competitive the British market was. Read more: Takeaway.com boss has no plans [...]
Takeaway.com boss has no plans to increase £4.3bn Just Eat bid November 13, 2019 The chief executive of Takeaway.com has said the company does not intend to increase its £4.3bn bid for food delivery app Just Eat, despite South Africa’s Prosus tabling a larger, unsolicited offer. Jitse Groen said he would not sweeten the bid for Just Eat in a bidding war with Prosus, which has made a cash [...]
Takeaway.com admits its own offer for Just Eat is not ‘particularly appealing’ November 11, 2019 Takeaway.com boss Jitse Groen has admitted his firm’s offer for Just Eat is not “particularly appealing” for shareholders, as a takeover battle for the food delivery platform intensifies. Takeaway and Just Eat agreed the terms of an offer for the business in August, however, South Africa’s Prosus launched a rival £4.9m bid. Read more: Takeway.com [...]
Just Eat gatecrasher vows to take on Deliveroo with major cash boost October 27, 2019 The South African firm hoping to derail Just Eat’s merger with rival Takeaway.com is planning to invest hundreds of millions of pounds into the delivery firm in a bid to take on Deliveroo. Prosus, the Dutch division of tech conglomerate Naspers, last week tabled an audacious £4.9bn takeover bid for Just Eat, sparking a furious [...]
Bidding war on the cards as Just Eat rejects £4.9bn hostile bid from Prosus October 22, 2019 Just Eat could find itself at the centre of a bidding war after rejecting a hostile £4.9bn bid from investment firm Prosus that threatens to disrupt its merger with Takeaway.com. The firm’s share price leapt 24 per cent to 732.8p despite the rejection in favour of its £8.3bn tie-up with the Dutch Takeaway.com as a [...]