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New owner of Just Eat raises €400m in shares and debt to shore up finances

Britain’s competition regulator cleared online food delivery company Takeaway.com’s takeover of rival Just Eat, saying the €7bn deal would not reduce competition. Takeaway immediately made a move to raise €400m in cash by issuing shares and convertible bonds.

New owner of Just Eat raises €400m in shares and debt to shore up finances

Thu, 23 Apr, 2020 - 15:07

Reuters

TAKEAWAY TAKEOVER: Just Eat has been taken over by Takeaway.com in a €7bn deal.

Britain’s competition regulator cleared online food delivery company Takeaway.com’s takeover of rival Just Eat, saying the €7bn deal would not reduce competition. Takeaway immediately made a move to raise €400m in cash by issuing shares and convertible bonds.

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