Takeover Bids Intensify for Just Eat Food App

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Prosus NV has raised its bid for U.K. food delivery firm Just Eat Plc as it tries to win over investors and beat out an offer from rival Takeaway.com NV.The technology investment company, spun out of Naspers Ltd., increased its cash offer by 4.2% to 740 pence per share, valuing Just Eat at about 5.1 billion pounds ($6.7 billion), Prosus said in a statement on Monday.Just Eat’s management has been encouraging investors to vote for Takeaway’s all-share deal, which would give them …read more

Source:: Yahoo Finance

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