There are no comments yet - be the first to add your thoughts The proposed transaction would create a company boasting a combined 360 million orders last year.The combined company will be listed on the London Stock Exchange and maintain a “significant” operation in the UK but be headquartered in Amsterdam.Helal Miah, investment research analyst at The Share Centre, said: “Just Eat and Takeaway.com have complementary portfolios where they don’t currently compete with each other geographically, and the merger indicates the need for consolidation in an industry where economies of scale are all-important.”Just Eat is the largest food delivery company in the UK but analysts have criticised its management’s failure to capitalise on its early dominance of the rapidly growing sector, allowing nimbler rivals like Deliveroo to gain ground.Giles Thorene and Sebastian Patulea, analysts at Jefferies, said Just Eat has not invested heavily enough.The deal with Takeaway.com demonstrates that the companies recognise that “if any of the European operators are going to outgun Uber, then size does matter”, Jefferies said in a note.Jefferies predicted that Japan’s SoftBank, Amazon or a private equity firm could also come in with a counter-offer.
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Food delivery service agreed merger with Dutch rival in July but tech group intervenedThe battle for control of UK food delivery firm Just Eat has intensified as rival bidder Prosus raised its offer to £5.1bn.Prosus is seeking to break up the agreed merger between Just Eat and Dutch rival Takeaway.com, a deal that would Prosus, the Amsterdam-listed offshoot of South African technology group Naspers, Just Eat said its board was studying the increased offer, and advised shareholders to take no action. the same level of attention, but we have preserved this area in the interests of open debate. The government faced criticism after education officials downgraded more than a third of pupils' final grades in a system devised after the coronavirus pandemic led to cancelled exams yesBenita Stipp (centre) and Mimi Ferguson (left) react as students at Norwich School receive their A-Level resultsA train derailment near Stonehaven has left three people dead.
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