Takeaway.com’s merger price looks too low and others may also be interested
Thursday 01 Aug 2019 Author: Martin Gamble
News of a proposed merger between fast food delivery group Just Eat ( JE. ) and Dutch based competitor Takeaway.com saw the former’s shares trade at a 9% premium to the 731p offer price. This implies the market is confident of a counter bid from someone else. The merger proposal shouldn’t come as a surprise because activist investor Cat Rock Capital, which has stakes in both businesses, cited a...