This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFAA0K6_L.jpg
LONDON (Reuters) – Netherlands-based Prosus (AS:) has tweaked its offer for online takeaway delivery platform Just Eat (L:), lowering the acceptance threshold for investors as it battles Takeaway.com to buy the British company.
Just Eat had previously agreed on the terms of a 4.7 billion pound ($6.1 billion) all-share deal that prompted internet giant Prosus to weigh in with an unsolicited cash offer of $6.3 billion, or 710 pence per share, setting an increasingly fractious contest in motion.
Prosus on Monday published its cash offer document and lowered the threshold for shareholder approval to 75% from 90%. It said a fall in the value of Takeaway’s offer since it was announced, due to a drop in the firm’s share price and currency moves, meant investors should accept its terms.
Prosus is a Dutch internet conglomerate that was spun out of South Africa’s Naspers (J:).
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.