Fri. Aug 14th, 2020

Takeaway shareholders approve Just Eat acquisition: company

1 min read

FILE PHOTO: The app for Just Eat is displayed on a smartphone, in London

AMSTERDAM (Reuters) – Dutch food ordering company Takeaway.com said on Thursday its shareholders had approved plans for the company’s proposed 5.9 billion pound ($7.7 billion) acquisition of British peer Just Eat PLC<JE.L>.

In a statement, Takeaway said its plan for an all-share merger had been approved at an extraordinary meeting of shareholders in Amsterdam.

Takeaway is vying with rival Prosus <PRX.AS> to buy Just Eat. Takeaway said on Dec. 19 that it has assurances from 46% of Just Eat shareholders that they will tender their shares to its all-share offer, currently worth 879 pence. Prosus bid 800 pence in cash per Just Eat share.

The tender period for both offers ends on Jan 10.

($1 = 0.7666 pounds)

(Reporting by Toby Sterling; editing by David Evans)

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