Prosus NV pronounced Monday that it has lowered a turn of acceptances compulsory in a bid to buy Just Eat PLC, as it posted a offer papers to shareholders of a U.K. company.
The Amsterdam-listed company, that was spun out of Naspers Ltd.
NPN, -0.66%
progressing this year and houses a vital interest in Tencent Holdings Ltd.
700, -1.28%,
final month launched a 4.9 billion-pound ($6.23 billion) all-cash bid for Just Eat
JE, +0.00%
, that was soon deserted by a U.K. food-delivery company. Prosus’s
PRX, -1.06%
bid challenged a formerly concluded all-stock partnership between Just Eat and a Dutch counterpart Takeaway.com
TKWY, +0.75%.
Prosus pronounced a offer is now redeeming on receiving acceptances from 75% of a Just Eat shares. The bid was formerly redeeming on Prosus securing a subsidy of not reduction than 90% of Just Eat shareholders.
Prosus urged Just Eat shareholders to accept a offer by no after than a shutting date of 1200 GMT on Dec. 11.
The association pronounced it believes a offer is appealing and satisfactory for a business that requires estimable investment to urge a position opposite competitors and gain on long-term opportunities.
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