Takeaway.com NV

Just Eat <JE.L> rejected a raised takeover offer from Dutch-based technology group Prosus <PRX.AS> on Tuesday because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com <TKWY.AS>.

Dutch meal delivery firm Takeaway.com defended its $6.1 billion (4.9 billion pounds) all-share offer for Just Eat on Tuesday, saying rival cash bidder Prosus was trying to buy the British company "on the cheap", even though its bid is higher.

Investors in Just Eat <JE.L> should back the all-share merger with Takeaway.com <TKWY.AS> unless rival bidder Prosus lifts its offer for the food delivery platform to 925 pence per share, one of its biggest shareholders said on Monday.

Just Eat <JE.L> shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with Takeaway.com <TKWY.AS>, saying it believed the combination could create a company worth 1,200 pence a share in little more than a year.

Just Eat shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with Takeaway.com, saying it believed the combination could create a company worth 1,200 pence a share in little over a year.

Britain's Just Eat <JE.L> urged shareholders on Monday to shun a $6.3 billion cash offer from Prosus <PRX.AS>, saying a currently lower valued deal with Takeaway.com <TKWY.AS> was a better bet as it would create the largest food delivery firm outside China.

Britain's Just Eat advised shareholders not to accept a 710 pence-a-share cash offer from Prosus, saying it was inferior to its agreed deal with Takeaway.com to create the largest food delivery player outside China.

Internet group Prosus <PRX.AS> is confident about its $6.3 billion (5 billion pounds) offer to buy Just Eat <JE.L>, CEO Bob van Dijk said on Friday, even though a rise in rival bidder Takeaway's shares has all but wiped out its financial upper hand.

Technology company Prosus <PRX.AS> remains confident about its bid for British meal delivery business Just Eat <JE.L>, Chief Executive Bob van Dijk said on Friday, despite an increase in the value of rival Takeaway.com's all-share bid.

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

The two companies vying to purchase British food delivery service Just Eat traded barbs on Wednesday, as technology company Prosus and Takeaway.com each sought to win over a critical mass of shareholders.

Dutch technology company Prosus NV <PRX.AS> on Wednesday urged shareholders of Britain's Just Eat PLC <JE.L> to accept its unsolicited 4.9 billion pound cash bid for the company by Dec. 10, and spurn an alternative offer as too risky.

Takeaway.com NV, the online food ordering company that is competing with larger Dutch rival Prosus to buy Britain's Just Eat on Wednesday declared the offer period for its all-share bid open.

Takeaway.com NV CEO Jitse Groen said on Wednesday he does not plan to improve his company's 4.3 billion pound ($5.50 billion) all-share bid to buy British rival Just Eat PLC, despite a higher cash offer from rival Prosus NV.

The chief executive of food ordering company Takeaway.com on Wednesday said he did not want to overpay as his company pursues an agreed merger with Britain's Just Eat, despite a higher unsolicited offer from rival Prosus.

Takeaway.com Chief Executive Jitse Groen said on Wednesday he did not intend to increase a 4.3 billion pound ($5.5 billion) offer for Britain's Just Eat, despite a higher unsolicited bid from larger rival Prosus.

Takeaway.com NV <TKWY.AS> CEO Jitse Groen said on Wednesday he does not plan to improve his company's 4.3 billion pound ($5.50 billion) all-share bid to buy British rival Just Eat PLC<JE.L>, despite a higher cash offer from rival Prosus NV <PRX.AS>.

Takeaway.com said on Wednesday that its offer for Britain's Just Eat, which is backed by Just Eat's boards despite a higher bid from larger rival Prosus, presented a compelling opportunity for both companies.

Prosus <PRX.AS> held firm on its $6.3 billion (£4.9 billion) offer to buy Just Eat <JE.L> on Monday as it argued the merits of its bid versus one from Takeaway.com for the British online takeaway delivery firm.