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Naspers increases Just Eat offer

Naspers increases Just Eat offer

The bidding war for Just Eat (JE.) presses on. Naspers upped its offer from 710p to 740p a share on 9 December, noting that this constitutes a 24.6 per cent premium to the value of Takeaway.com’s offer of 594p – based on the latter’s closing price of €71 (£60) on 21 October (the day before the date of Naspers’ original offer announcement). But Just Eat’s management, which continues to recommend an all-share combination with Takeaway.com, believes Naspers’ revised offer still “significantly undervalues” the company.

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