Alan Davis Management on Just Eat and Takeway.com agree to merge in £8.2bn deal29 July 2019 | 08:08am
Alan Davis Management - Just Eat and Takeaway.com said they had agreed in principle to merge in an £8.2vn all-share deal that would create one of the largest takeaway delivery companies in the world.
Under the terms of the deal, Just Eat shareholders would receive 0.09744 Takeaway.com shares for each share, implying a value of 731 pence per Just Eat share, a 15% premium to the closing price on Friday.
Just Eat shareholders would own about 52.2% of the combined group.
On completion of the possible combination, Jitse Groen, CEO of Takeaway.com, would assume the role of CEO of the combined group.
At 8:08am: (LON:JE) Just Eat share price was +143.3p at 778.9p
More information at https://www.alandavismanagement.com