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 [...]
Exclusive: London-based Peckwater Brands swallows competitor to become largest virtual food brand in Europe January 24, 2023 Peckwater Brands has acquired its chief competitor eatclever, making it the largest provider of virtual food outlets in Europe. The acquisition has seen Peckwater scooping brands like taste&soul, KoChi and Chicos from its health food-focused competitor, expanding its reach into Germany, Austria and Switzerland in the process. The terms and price of the deal are [...]
Takeaway.com’s Just Eat offer hits 80 per cent approval threshold January 10, 2020 Takeaway.com’s £5.9bn offer to takeover Just Eat has been accepted by 80.4 per cent of shareholders in a meeting held today. The online food delivery marketplace’s improved offer has been accepted after surpassing the 80 per cent threshold. It means the takeover is now unconditional and will go ahead, with those yet to accept the [...]
Just Eat tells shareholders not to accept Prosus takeover offer November 25, 2019 Just Eat has advised shareholders not to accept a takeover offer from merger gatecrasher Prosus, urging them instead to stick with its agreed deal with Takeaway.com. Prosus, which is controlled by South African investment giant Naspers, is threatening to derail Takeaway’s takeover efforts after tabling a higher bid that valued the company at roughly £4.9bn. [...]
Takeaway hits back at Prosus’s ‘derisory’ bid for Just Eat December 9, 2019 Takeaway.com has fired back at rival Just Eat bidder Prosus, saying its increased takeover offer “remained derisory”. Prosus this morning announced that it has hiked its offer from 710p per share to 740p per share, valuing Just Eat at roughly £5.1bn. Read more: Prosus hikes Just Eat bid as it ramps up pressure on rival [...]
Domino’s grabs slice of the action: Digital drive and World Cup orders help pizza maker shrug off inflation and recession fears March 9, 2023 Fast-food giant Domino’s Pizza pulled through 2022 relatively unscathed with marginally lower profit, as a partnership with Just Eat and the Football World Cup boosted orders. The pizza delivery favourite reported system sales of £1.46bn in 2022, slightly down from the previous year’s £1.49bn. Its group revenue was at £600m, up on last year’s £560m, [...]
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 [...]
Just Eat board rejects Prosus offer in favour of Takeaway.com merger December 20, 2019 The board of Just Eat has backed a final offer from Takeaway.com and rejected a rival cash bid from Prosus, as the battle for the British fast food giant nears its end. The food fight for Just Eat heated up once again yesterday after both Takeaway and Prosus increased their bids for the company. Read [...]
Caffe Nero shrugs off inflation as Brits’ coffee habits drive sales of £150m January 30, 2023 Caffe Nero generated UK sales of £150m for the first half of the financial year, averaging 104 per cent of pre-pandemic levels and an increase of 17 per cent for the same period in 2021. The coffee chain added Deliveroo and Just Eat to its delivery partner service last year, which it said helped secure [...]
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.