Just Eat and www.Takeaway.com deliver 'dream combination'
JUST EAT has agreed terms to be taken over by Dutch food delivery rival www.Takeaway.com, creating the biggest such company outside China.
The deal values Just Eat at £5bn, or 731p a share. If waved through by shareholders it will mark a bumper payday for a Connecticut-based activist that has almost bet the house on the two companies.
Cat Rock, an investment firm with about £600m under management, is set to book a paper profit of tens of millions of pounds from the acquisition.
The activist is a top-10 investor in both companies. Its stakes in Just Eat and www.Takeaway.com are Cat Rock's largest two investmen...