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Kalkine Media ASX Share Market News & Research

JUST EAT Plc Rejects An Unsolicited Offer By Prosus N.V.

October 22, 2019 12:28 PM BST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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  • JUST EAT Plc (JE.) has rejected the unsolicited offer by Prosus N.V. for company’s issued and to be issued share capital at 710 pence per Just Eat share.
  • The board of the company after considering the offer of Prosus N.V. concluded that it considerably undervalues the company and its attractive resources and prospects both on a standalone basis and as part of the planned recommended all-share grouping with Takeaway.com
  • The Board of the company unanimously rejected Prosus’ initial proposal of 670 pence and successive proposals of 700 pence and 710 pence per Just Eat share.
  • On 22nd October 2019, at the time of writing, GMT 11:53 AM, shares were trading at GBX 745.40, up by 156.00 points or 26.47 per cent against the previous day closing price.

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