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Takeaway shareholders approve Just Eat takeover

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Takeaway shareholders approve Just Eat takeover

Shareholders of Takeaway.com NV have approved the company's planned takeover of Just Eat PLC, including all of the terms in the proposal, according to a Jan. 9 regulatory filing.

The Dutch online food delivery provider said the voting results of the adopted resolutions will be published within five working days.

Takeaway.com, which agreed to merge with its London-based peer in July 2019, raised its offer to 916 pence per share on Dec. 19, 2019, in a bid to win a takeover battle with e-commerce investor Prosus NV.

Naspers Ltd.-backed Prosus initially offered to acquire Just Eat for 710 pence per share but later increased it to 800 pence per share, or about £5.5 billion.

However, Just Eat's board continued to urge its shareholders to accept Takeaway.com's offer and reject Prosus' bid, saying the latter will build greater value for the company.

Just Eat shareholders have until 1 p.m. London time Jan. 10 to vote on Takeaway.com's final bid. It was recently reported that a majority of Just Eat investors plan to accept the offer.

Takeaway.com's stock closed up 1.77% to €86.45 in Amsterdam trading Jan. 9. Just Eat's stock rose 1.84% to 884 pence at market close in London.