Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has agreed to be taken over for €4.1 billion (£3.4 billion) by Dutch investment firm Prosus.
Amsterdam-based Prosus had offered €20.30 per share, reflecting a 22% premium to the food delivery firm’s latest three-month high, it said on Monday.
The takeover, which received unanimous support from Just Eat’s board, would see Prosus create the world’s fourth-largest delivery group, the firm added.
“Prosus already has an extensive food delivery portfolio outside of Europe,” Prosus chief executive Fabricio Bloisi commented.
“We believe that combining Prosus’s strong technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders.”
Prosus lost out to Takeaway.com in a bidding war for Just Eat in 2020, before pandemic-fuelled demand sent shares in the delivery firm surging.
Just Eat was hit with challenges as lockdowns ended though, and left the London Stock Exchange in favour of its Amsterdam listing last December as part of a cost-cutting drive.