Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger

We do however believe that the agreed merger ratio between Just Eat and Takeaway.com is appropriate,” noted Jitse Groen, CEO of Takeaway.com, in a statement.

“The Board of Just Eat believes that the Takeaway.com Combination is based on a compelling strategic rationale that will deliver a number of strategic benefits and greater value creation to Just Eat shareholders than the terms of the Prosus Offer. (TechCrunch)

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“We think our bid is better as it gives shareholders of Just Eat the opportunity to benefit from the advantages of our merger,” a Takeaway spokesman told Reuters. This is the third time Just Eat rejected a takeover bid from Prosus, the South African investment arm of Naspers. (pymnts.com)