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TKAYF - Just Eat Satisfies Hunger For Takeaway Dutch CEO
Takeaway.com NV
By Breakingviews
Just Eat's (JSTLF) delivery driver has just arrived with a piping-hot treat: a takeover bid and a new chief executive. After more than six months without a boss, and under pressure from activist Cap Rock Capital, the UK food delivery group is selling itself to rival Takeaway.com (TKAYF) in an all-share deal worth nearly 5 billion pounds. If the proposed deal outlined on Monday morning goes ahead, the Dutch group's CEO Jitse Groen will be leading the fightback against Uber (UBER) and Deliveroo.
Takeaway.com's acquisition is the latest twist in the intense battle