Have you heard about the billion-dollar deal? The Just Eat Takeaway share price $TKWY (+55,82%) skyrocketed by over 50% after the Dutch company Prosus agreed a takeover.
Prosus will value the food delivery service, known in Germany as Lieferando, at around 4.1 billion euros. The offer is 20.30 euros per share and represents a premium of 63% on the last closing price. The Executive Board and Supervisory Board of Just Eat have already approved the deal.
On Monday morning, the Just Eat share price jumped 53.16% to 19.00 euros on the EURONEXT in Amsterdam, which startled investors in the food delivery sector. Shares in Delivery Hero, in which Prosus already holds a stake, also benefited from the positive sentiment and rose by up to 6% on Tradegate.
It will be interesting to see how the consolidation in the sector develops. Do you think more mergers and acquisitions will follow? 📈
