Prosus ( (PROSF) ) has issued an update.
Prosus is set to acquire Just Eat Takeaway.com in a deal valued at approximately EUR 4.1 billion, with a cash offer of EUR 20.30 per share. This acquisition will enable Prosus to strengthen its position in the European food delivery market and leverage its expertise to drive growth and enhance operations at Just Eat Takeaway.com. The offer, recommended by Just Eat Takeaway.com’s management and supervisory boards, represents a significant premium over the company’s recent share price and promises to bring added value through combined resources and capabilities. The transaction is pending customary regulatory approvals and is expected to be finalized by the end of the year.
More about Prosus
Prosus is a global technology company with a diverse portfolio that includes food delivery services. It is known for its significant investments in tech-driven sectors and has a strong presence outside of Europe. Just Eat Takeaway.com is a leading global on-demand food delivery company with a strong market position in several European countries, including the UK, Germany, and the Netherlands.
YTD Price Performance: 20.35%
Average Trading Volume: 66,506
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $111.8B
For detailed information about PROSF stock, go to TipRanks’ Stock Analysis page.