		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>One of the most brutal takeover battles of the last 12 months ended on Friday as Takeaway.com finally won the right to buy rival Just Eat in a £6bn (€7bn) deal.</p>
<p>The move has been sealed after more than 80% of Just Eat’s shareholders have accepted the bid from its Dutch peer.</p>
<p>Remaining shareholders now have until January 31 before Takeaway can force a compulsory purchase. The deal is expected to finalise in the first quarter of this year.</p>
<p>The takeover, which will create one of the world’s largest takeaway delivery companies, valued Just Eat at 889p per share taking its market value to around £5.9bn (€6.93bn).</p>
<p>Takeaway initially agreed the combination with the UK delivery company at the beginning of July. It proposed to pay for the purchase with shares in Takeaway.</p>
<p>But Prosus, an Amsterdam-listed arm of South Africa’s Naspers, tried to muscle in, putting cash on the table in October to try to lure Just Eat shareholders to plump for its rival bid.</p>
<p>The two went toe-to-toe, slinging mud at each others’ offers and trying to win Just Eat’s approval.</p>
<p>But with the backing of the Just Eat board, Takeaway always looked to have the upper hand.</p>
<p><em>“I am thrilled that our offer for Just Eat has now formally reached an acceptance level of 80.4%. I wish to thank everybody involved, but especially the Just Eat staff for their patience, in what must have been an uncertain time,”</em> Takeaway chief executive Jitse Groen said on Friday.</p>
<p>He added: <em>“Just Eat-Takeaway.com is a dream combination and I am very much looking forward to leading the company for many years to come.”</em></p>
<p>The merger of the business, which will be called Just Eat Takeaway.com when the deal closes, comes amid a period of tense competition in the delivery market amid rapid growth from rivals including Uber Eats and Deliveroo.</p>
<p>Amsterdam-based Takeaway’s own shareholders voted in approval of the plan on Thursday.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-69e394761daf8">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-69e394761daf8',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
