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Just Eat (JE.)

Share Price:
Up 793.80p
Change Today:
Market Cap:
5,421m urges Delivery Hero not to vote on Just Eat deal

28 Oct 19

LONDON (ShareCast) - (Sharecast News) - Dutch online food delivery company said on Monday that shareholder Delivery Hero must abstain from voting on its 4.9bn acquisition of Just Eat due to a conflict of interest.
"Delivery Hero, with Prosus as its largest shareholder, has a conflict of interest on all matters related to the combination," it said.

"Delivery Hero's own market position as well as Prosus' position as the largest shareholder in Delivery Hero in itself gives rise to a conflict of interest."

Prosus - which was spun off from South African conglomerate Naspers - announced last week that it had made an unsolicited cash offer for Just Eat. This was rejected on the basis that it "significantly undervalues" the London-listed company.

Prosus is Delivery Hero's biggest shareholder, with a 22.3% stake.

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Market Data

Currency UK Pounds
Price 793.80p
Change Today 3.80p
52 Week High 812.00p
52 Week Low 570.60p
Volume 176,694
Shares Issued 682.93m
Market Cap 5,421m


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