Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion

Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the "low liquidity and trading volumes" of its shares on the exchange. European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in an all-cash deal worth roughly 4.1 billion euros ($4.3 billion). The offer values Just Eat's shares at 20.3 euros each, representing a premium of 63% when compared to the firm's closing price on Friday. Prosus, which is majority owned by South Africa's Naspers, already holds a 28% stake in leading food delivery company Delivery Hero . Shares of Just Eat soared more than 54% on the news, notching a new 52-week high. Meanwhile, shares of Delivery Hero rose 3.6%, while Prosus fell 7.8%. "We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion," Fabricio Bloisi, CEO of Prosus and Naspers group, said in a statement. "We believe that combining Pro ... Read full article.