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The competing bids for Just Eat plc (Just Eat) by Takeaway.com N.V. (Takeaway.com) and Prosus N.V. (Prosus) took a twist this week when Takeaway.com elected on 4 November 2019 to switch the structure of its offer from a scheme of arrangement to a recommended contractual offer. Takeaway.com stated that it believed that the revised structure provided Just Eat shareholders with increased deal certainty.
The offer will be conditional upon valid acceptances being received in respect of not less than 75% of J
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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.
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