Takeaway.com NV announced Dec. 12 that it extended the acceptance period for its proposed merger offer with Just Eat PLC until Dec. 27, 1 p.m., London time.
The Amsterdam-based food delivery company said it has received valid acceptances representing about 13.53% of Just Eat's shares as of 1 p.m., Dec. 11.
Takeaway.com needs at least 75% of the British company's shareholders to accept the proposal in order to move ahead with the deal.
Just Eat's board recommended that shareholders reject the rival purchase bid from Naspers Ltd.-owned Prosus NV, which is offering to acquire the company for 740 pence per share.