Prosus Raises Offer for Just Eat to GBP5.5 Billion, Declares Bid Final
December 19 2019 - 10:49AM
Dow Jones News
By Adria Calatayud
Prosus NV (PRX.AE) said Thursday that it has raised its cash bid
for U.K. food-delivery platform Just Eat PLC (JE.LN) to 800 pence a
share from 740 pence a share, as it declared its offer final.
Prosus, an Amsterdam-listed subsidiary of South African investor
Naspers Ltd. (NPN.JO), said its offer values Just Eat at 5.5
billion pounds ($7.2 billion). The company has also extended the
period to accept the offer to Jan. 10 from Dec. 27, but said the
deadline won't be extended beyond that time.
Just Eat has twice rejected bids from Prosus, since the
Amsterdam-listed company in October moved to challenge an agreed
all-stock merger between the U.K. company and Dutch peer
Takeaway.com NV (TKWY.AE).
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 19, 2019 10:34 ET (15:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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