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Takeaway.com N.V. (“Takeaway.com”) publishes a circular (the “Investor Circular”) to shareholders of Just Eat plc (“Just Eat”) in connection with the recommended all-share combination of Takeaway.com and Just Eat (the “Combination”).
Takeaway.com continues to believe that its recommended all-share offer for Just Eat is far superior to Prosus’ opportunistic and derisory cash offer. If the Combined Group’s shares were valued at Takeaway.com’s average trading multiple since its IPO in 2016, Just Eat’s shares would be illustratively worth c. £11 each1. The Takeaway.com Offer also provides Just Eat Shareholders the opportunity to share in the significant future value creation potential of the Combination. A letter from the Founder and CEO of Takeaway.com to Just Eat Shareholders, as set out in the Investor Circular, has been extracted below.