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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

Takeaway.com says Just Eat takeover timetable delayed due to UK probe

Fri 24th January, 2020 7:23am
LONDON, Jan 24 (Reuters) - Netherlands-based meal delivery
company Takeaway.com  TKWY.AS  said the expected timetable for
its takeover of British rival Just Eat  JE.L  would be delayed
by a week after UK competition authorities said it would look at
the deal. 
    Earlier this month, Just Eat's shareholders agreed to the
all-stock deal valued at 6.2 billion pounds ($8.2 billion) over
a rival bid from tech investment giant Prosus NV.
    Takeaway.com said in a statement on Friday that Just Eat
would be renamed Just East Takeaway.com on Jan. 31 and trading
in the company's shares will commence under the new name with
effect from Feb.3. 
    Britain's Competition and Markets Authority (CMA) confirmed
on Thursday it believed a probe into the deal may be
warranted. urn:newsml:reuters.com:*:nL4N29S40B
    The CMA said on Friday it was seeking comment on the deal
from interested parties by Feb. 6.
($1 = 0.7608 pounds)

 (Reporting by Sarah Young; editing by James Davey)
 ((sarah.young@thomsonreuters.com; +44 20 7542 1109; Reuters
Messaging: sarah.young.thomsonreuters@reuters.net))
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