This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEAAP0BV_M.jpgLONDON (Reuters) – Just Eat (L:) shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with Takeaway.com (AS:), saying it believed the combination could create a company worth 1,200 pence a share in little over a year.
Just Eat shareholders have two offers to consider: a tie-up between the British group and its Netherlands-based peer Takeaway.com and a 710 pence a share cash offer from technology company Prosus (AS:).
Cat Rock, which controls about 3% of Just Eat’s shares, said the Prosus offer significantly undervalued Just Eat and shared none of the future potential of the business with Just Eat shareholders.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.