Share Name Share Symbol Market Type
Prosus NV EU:PRX Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.90 -2.68% 68.97 68.65 69.60 69.68 68.34 68.75 3,529,311 16:39:37

Prosus' Bid for Just Eat Gets Spanish Regulatory Approval

10/12/2019 4:06pm

Dow Jones News


Prosus NV (EU:PRX)
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   By Adriano Marchese 
 

Prosus NV (PRX.AE) said Tuesday that it has received clearance from the Spanish markets and competition commission for the acquisition of Just Eat PLC (JE.LN) shares.

The company said this is an important milestone that further increases deal certainty of the increased offer of 740 pence a share, following yesterday's reduction of the acceptance condition to a simple majority of the Just Eat shares.

Prosus noted that in contrast, the Takeaway.com NV (TKWY.AE) offer remains subject to a 75% acceptance condition and the approval of Takeaway.com's own shareholders, and added that there can be no certainty that the higher acceptance approval will be obtained.

"We are pleased to have cleared the competition hurdle which further underlines the certainty and deliverability of our superior cash offer of 740 pence per share to Just Eat Shareholders," Chief Executive Bob van Dijk said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

December 10, 2019 10:51 ET (15:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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