Prosus has sweetened its cash bid for Just Eat to $6.5 bln. That’s tastier than a rival all-share proposal, but still well below Just Eat’s market value. Shareholders are expecting a few more helpings before the end of the year. says KarenKKwok:
Tech giant Prosus on Dec. 9 raised its unsolicited cash offer for Just Eat to 740 pence per share from 710 pence, valuing the British food delivery company at 5.05 billion pounds .
Just Eat shares rose 0.6% to 781 pence by 0945 GMT on Dec. 9. Takeaway.com shares fell 2.4% to 84.4 euros. At that price, the Dutch company’s bid values each Just Eat share at 691 pence.
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