A takeover offer for Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has been confirmed by South African tech group Prosus, which plans to merge the European group with its Brazil-based iFood business.
An €20.30 per share cash offer has been recommended by the JET management board and supervisory board.
A shareholder meeting and vote take place on 8 July, with completion of the offer expected by the end of the year.
Jitse Groen, CEO and founder of Just Eat Takeaway.com said: "The launch of the offer marks an important milestone in the transaction process. We are excited about the future and the opportunities this brings and recommend that our shareholders tender their shares and vote in favour of the resolutions at the upcoming EGM."