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Takeaway.com Says Just Eat Takeover Timetable Delayed Due To UK Probe

Published on Jan 28 2020 1:56 PM in Food tagged: Just Eat / Takeaway.com

Takeaway.com Says Just Eat Takeover Timetable Delayed Due To UK Probe

Netherlands-based meal delivery company Takeaway.com has said that the expected timetable for its takeover of British rival Just Eat has been delayed by a week after UK competition authorities said they would look at the deal.

Earlier this month, Just Eat's shareholders agreed to the all-stock deal valued at £6.2 billion over a rival bid from tech investment giant Prosus NV.

Takeaway.com said in a statement that Just Eat would be renamed Just Eat Takeaway.com on January 31 and trading in the company's shares will commence under the new name on February 3.

CMA Statement

Last week, Britain's Competition and Markets Authority (CMA) said that it believed a probe into the deal may be warranted.

The CMA said it is seeking comment on the deal from interested parties by February 6.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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