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Takeaway.com To Implement Recommended Deal With Just Eat By Way Of Offer

Takeaway.com N.V. said it will implement the recommended all-share combination with Just Eat plc (JE.L) by way of a recommended offer. Takeaway.com said, by implementing the offer instead of a scheme of arrangement, the Group will provide Just Eat's shareholders with increased deal certainty.

The Takeaway.com offer shall be conditional on, among other things, an acceptance condition of not less than 75 percent in nominal value of the Just Eat shares. Separately, the Board of Just Eat plc unanimously recommended that Just Eat shareholders accept the Takeaway.com offer.

Jitse Groen, CEO of Takeaway.com, said: "We believe that the Just Eat Takeaway.com combination offers its shareholders a future value far superior to both Just Eat and Takeaway.com separately, and to the recent cash offer made by Prosus in particular. With this switch, we provide additional deal certainty to the Just Eat shareholders."

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