Just Eat Takeaway.com Shares To Begin Trading After Anglo-Dutch Tie-Up

(Alliance News) - Shares of Just Eat Takeaway.com NV, formed from the combination of Just Eat PLC ...

Alliance News 22 January, 2020 | 10:53AM
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(Alliance News) - Shares of Just Eat Takeaway.com NV, formed from the combination of Just Eat PLC and Takeaway.com NV, will begin trading on the London Stock Exchange next week.

The enlarged company, which will officially change its name on Friday, will trade under the new JET ticker in London, with effect Monday.

The group will also trade in Amsterdam, though under Takeaway.com's existing TKWY ticker.

Earlier in January, Takeaway.com said its all-share tie-up with FTSE 100-listed Just Eat became unconditional, having won a bidding war with Johannesburg- and Amsterdam-listed internet investor Prosus NV.

Takeaway.com said the increased offer of 916 pence was unconditional, after receiving the backing of just over 80% of Just Eat shareholders.

Prosus, a spin-off of media firm Naspers Ltd, offered cash bids of 710p, 740p, and 800p. However, these offers were rejected by Just Eat's shareholders.

Just Eat shares were 1.1% higher at 888.20 pence each in London on Wednesday morning.

Takeaway.com added that its offer will remain open to Just Eat shareholders "until further notice".

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Just Eat PLC 861.00 GBX -0.46 -
Naspers Ltd Class N 238,094.00 ZAC -5.52 -
Prosus NV Ordinary Shares - Class N 63.67 EUR -2.47 -

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