Dutch technology company Prosus NV on Wednesday urged shareholders of Britain�...
) to accept its unsolicited 4.9 billion pound cash bid for the company by Dec. 10, and spurn an alternative offer as too risky.
“We believe that the Takeaway.com offer underestimates the substantial investment required in Just Eat to recapture market share and improve performance,” Prosus CEO Bob van Dijk said in a statement of the rival proposal. Takeaway’s all-share offer, which is supported by Just Eat’s board, currently values Just Eat at around 4.7 billion pounds.
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HP Rejects Takeover Bid From XeroxI’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
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