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PROSF - Just Eat Plc: The Chance Of A Better Offer With A Margin Of Safety
Prosus NV - Class N
After receiving a takeover bid from fellow food delivery company Takeaway.com NV (TKAYF), Just Eat plc (JSTLF, JSTTY) received a second offer at a higher valuation from Dutch technology investor and holding company Prosus NV (PROSF, PROSY). This might lead to an increased bid from Takeaway.com.
I believe that a merger with Takeway.com makes sense economically. Thus an increased bid matching or exceeding the valuation offered by Prosus would be the optimal outcome for Just Eat's shareholders. There is certainly the risk of no-deal coming to pass