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Takeaway shareholders approve Just Eat acquisition: company

Published 01/09/2020, 09:52 AM
Updated 01/09/2020, 09:56 AM
Takeaway shareholders approve Just Eat acquisition: company

AMSTERDAM (Reuters) - Dutch food ordering company Takeaway.com said on Thursday its shareholders had approved plans for the company's proposed 5.9 billion pound ($7.7 billion) acquisition of British peer Just Eat PLC (L:JE).

In a statement, Takeaway said its plan for an all-share merger had been approved at an extraordinary meeting of shareholders in Amsterdam.

Takeaway is vying with rival Prosus (AS:PRX) to buy Just Eat. Takeaway said on Dec. 19 that it has assurances from 46% of Just Eat shareholders that they will tender their shares to its all-share offer, currently worth 879 pence. Prosus bid 800 pence in cash per Just Eat share.

The tender period for both offers ends on Jan 10.

($1 = 0.7666 pounds)

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