Prosus Faces Shareholder Complaint Over ‘Unfair’ Just Eat Bid
In February, Prosus agreed to buy Just Eat in an all-cash deal valuing the company at €4.1 billion.
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Prosus NV’s offer for Just Eat Takeaway.com is less than half a “fair” price, a minority shareholder in the food delivery company said in a public statement aimed at disrupting the €4.1 billion ($4.3 billion) deal.
Paris-based BDL Capital Management, which holds about 2.18% of Just Eat’s shares, said the offer price of €20.30 per share is “far below a reasonable and fair valuation” for the Amsterdam-based company, in a statement Wednesday.