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 [...]
Just Eat revenue rises as it hopes for £9bn end-of-year merger with Takeaway.com October 21, 2019 Just Eat’s third quarter revenue rose 25 per cent, it revealed today, as it hopes a £9bn merger with Dutch rival Takeaway.com willbe tied up by the end of the year. Despite this, shares fell five per cent in early trading as analysts were sceptical the deal would get past shareholders at a meeting pencilled [...]
Activists quieter in first half of the year as political uncertainty hits September 2, 2019 European businesses could breathe a sigh of relief as activist investors opened fewer campaigns in the first half of 2019. The number of demands made by activists in Europe was more than 14 per cent lower over the period compared to last year, according to figures from Activistmonitor. Read more: Just Eat faces pressure as [...]
Just Eat and Takeaway.com agree terms on £8.3bn merger August 5, 2019 Just Eat and merger partner Takeaway.com have agreed terms on a $10bn (£8.3bn) merger, valuing the former’s shares at 731p. However, that figure falls below the 736p figure shares hit at the close of London Stock Exchange trading last Friday, raising the possibility that a rival bidder could emerge. Read more: Just Eat profits plunge [...]
Just Eat profits plunge 98 per cent on delivery investment July 31, 2019 Just Eat saw profits plummet in the first half of this year due to investment in its delivery platform, however revenue was up as more customers signed up to the takeaway app. The figures Profit before tax plunged 98 per cent from £48.1m to £800,000. Revenue was up 30 per per cent from £358.3m to [...]
Just Eat share price jumps as it agrees key terms in £9bn Takeaway.com merger July 29, 2019 Food delivery site Just Eat and Dutch business Takeaway.com today confirmed they had agreed key terms for their possible £9bn all-share merger. Read more: Just Eat shares fall after Amazon makes multi-million dollar investment in Deliveroo Following completion of the deal Just Eat shareholders would own approximately 52.2 per cent of the company and Takeaway [...]