Prosus' Bid for Just Eat Gets Spanish Regulatory Approval
December 10 2019 - 10:06AM
Dow Jones News
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)
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