Just Eat Takeaway.com NV logo

TKWY - Just Eat Takeaway.com NV News Story

€90.5 0.7  0.7%

Last Trade - 4:36pm

Sector
Technology
Size
Large Cap
Market Cap £4.60bn
Enterprise Value £4.79bn
Revenue £348.2m
Position in Universe 118th / 864

BRIEF-Takeaway.Com Informs Market Regarding A Possible CMA Merger Investigation

Thu 23rd January, 2020 5:26pm
Jan 23 (Reuters) - TAKEAWAY.COM NV  TKWY.AS :
    * TAKEAWAY.COM INFORMS MARKET REGARDING A POSSIBLE CMA
MERGER
INVESTIGATION
    * IN LIGHT OF THIS DEVELOPMENT, TAKEAWAY.COM IS
RECONSIDERING
EXPECTED TIMETABLE FOR RECOMMENDED COMBINATION OF TAKEAWAY.COM
AND JUST EAT ANNOUNCED ON 22 JANUARY 2020
    * INFORMED ON 22 JAN BY COMMITTEE OF CMA IT RECONSIDERED
POSITION
ON JUST EAT TRANSACTION, NOW BELIEVES MERGER INVESTIGATION IS
WARRANTED
    * CMA MAY OPEN AN INVESTIGATION AT ANY POINT UNTIL THE
EXPIRY OF
THE FOUR-MONTH STATUTORY PERIOD SET OUT IN SECTION 24 OF THE
ENTERPRISE ACT 200
    * TAKEAWAY.COM CONFIRMS THAT IT DID NOT HAVE THE INTENTION
TO
RE-ENTER THE UK MARKET ABSENT THE TRANSACTION WITH JUST EAT (FOR
WHICH NEGOTIATIONS BEGAN IN 2019)
    * CMA MAY DECIDE TO IMPOSE A HOLD SEPARATE ORDER REQUIRING
THAT
THE BUSINESSES CONTINUE TO BE RUN INDEPENDENTLY UNTIL THE CMA’S
INVESTIGATION HAS CONCLUDED
    * CMA MAY OPEN AN INVESTIGATION AT ANY POINT UNTIL THE
EXPIRY OF
THE FOUR-MONTH STATUTORY PERIOD SET OUT IN SECTION 24 OF THE
ENTERPRISE ACT 2002
    * MERGER INVESTIGATION IS NON-SUSPENSORY AND WILL NOT AFFECT
ABILITY OF TAKEAWAY.COM TO DECLARE THE INCREASED TAKEAWAY.COM
OFFER WHOLLY UNCONDITIONAL AND PROCEED WITH SETTLEMENT

Further company coverage:  TKWY.AS 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.