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Prosus Announces Terms Of Increased Offer For Just Eat - Quick Facts

Prosus NV announced the terms of an increased cash offer for the entire issued and to be issued share capital of Just Eat (JE.L) by MIH Food Delivery Holdings, a wholly-owned indirect subsidiary of Prosus. Under the terms, Just Eat shareholders will be entitled to receive 740 pence in cash for each Just Eat share. The terms of the offer value the entire issued and to be issued ordinary share capital of Just Eat at approximately 5.1 billion pounds.

MIH has reduced the level of acceptances required to satisfy the acceptance condition to a simple majority of Just Eat Shares. The closing date has been extended to 27 December 2019.

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