Prosus posts Just Eat offer document, lowers threshold

Business

FILE PHOTO: The app for Just Eat is displayed on a smartphone in this posed picture in London, Britain, August 5, 2019. REUTERS/Toby Melville/File Photo

LONDON (Reuters) – Netherlands-based Prosus PRX.AS said on Monday it had published its cash offer document to buy online takeaway delivery platform Just Eat (JE.L) for 710 pence a share, pitching its bid against rival Takeaway.com with a lowered acceptance threshold of 75%.

Reporting by Paul Sandle; editing by Kate Holton

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