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Takeaway.com extends acceptance offer deadline for Just Eat merger

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Takeaway.com extends acceptance offer deadline for Just Eat merger

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.