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Takeaway.com plans to buy Just Eat via an offer worth $5.59 billion

On Monday, Takeaway.com N.V. has said that it is planning to proceed with an all-share offer worth $5.59 billion for the Just Eat PLC.

Takeaway.com which is listed in Amsterdam has reached an agreement to merge with its peer based out of London in the month of August through a scheme of arrangement. During that time, the deal had been valued at an amount of 731 pence for a share. However the shares of Takeaway have seen a fall. So the amount has seen a rework by Takeaway.com and hence this offer has been given on Monday.

Just Eat has subsequently rejected an offer by Prosus NV which according to them was 710 pence per share in cash. The offer was rejected reportedly on the grounds of the amount offered being less.

On Monday, Takeaway.com had said that the offer it has made to Just Eat is going to increase the deal definitely. It has said that a combination is offering a future value which is by a distance superior to both Takeaway.com and Just Eat separately and also to the offer which had been made by Prosus particularly.

By the implementation of the offer by Takeaway.com instead of a scheme of agreement, Takeaway.com is going to provide the shareholders of Just Eat with a deal that is increased certainly according to Takeaway.com.

Takeaway has put a condition for the acceptance of the offer of at least 75 % of the shares of Just Eat being accepted.

The offer of Takeaway.com has been formally acknowledged by Just Eat. Furthermore, the board of Just Eat has been pro-active in recommending unanimously to the shareholders that they accept this offer.

Gordon McCoy
Gordon McCoy Author
Sr. Content Writer At Carib World News

With a Master of Science in Computer Science Degree and 5 years of active involvement in the IT domain, Gordon was appointed as Technology Department Head 2 years back at his previous company. Formerly, he was working as a journalist. He is very choosy while picking up the words to present the news reports to readers. At the same time, you will definitely get a sense of his delightful personality and commendable knowledge in the field when you read his writings on Carib World News’s platform. He loves to write on various topics such as cyber systems, data management, software development, and all that kind of stuff.

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