12/20/2019, 2:07 PM (Source: TeleTrader)
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Just Eat board backs Takeway's bid

The board of Just Eat plc unanimously backed the increased offer made by N.V. on Friday.

"The board of Just Eat continues to believe that the combination with is based on a compelling strategic rationale that allows shareholders to participate in the upside potential of the enlarged group," the company stated.

Takeaway's competitor, Prosus N.V, announced yesterday it was also raising its offer for the food delivery company. The shareholders Just Eat have until January 10 to accept either offer.

Baha Breaking News (BBN) / MD