Shares of food delivery giant Just Eat-Takeaway start trading
Reuters
Published Feb 03, 2020 03:03AM ET
Shares of food delivery giant Just Eat-Takeaway start trading
AMSTERDAM (Reuters) - Shares in Just Eat-Takeaway, the company forged by Dutch online service Takeaway's $7.8 billion acquisition of British food deliverer Just Eat, commence trading on the London Stock Exchange on Monday.
Takeaway won the bidding for Just Eat with an all-share offer after battle with investment company Prosus (AS:PRX), which was offering cash.
Even as the shares have now been combined, the Dutch firm must now wait for a final approval from the Competition and Markets Authority (CMA) before it will be able to merge operations and brands.
The CMA's first probe is due to end March 5.
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Written By: Reuters
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