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CMA steps in on Just Eat deal

The regulator's announcement has pushed the deal back by a week
January 24, 2020

Just when we thought it was finally over the line, the regulator steps in. The Competition and Markets Authority is investigating the tie-up between Just Eat (JE.) and Takeaway.com, delaying the deal.

IC TIP: Hold at 856p

Takeaway.com sparred with rival bidder Prosus for months following the announcement back in July of its proposals to combine with Just Eat, before securing shareholder approval earlier this month. 

Takeaway’s offer had been due to become unconditional today, but following news of the CMA’s interest, the group announced the timetable would be pushed back by a week, and the combined group is expected to begin trading on the Euronext Amsterdam exchange on February 3, under the name Just Eat Takeaway.com.