Prosus Statement: Lapse of the Offer for Just Eat plc By Prosus N.V. Through Its Wholly-owned Indirect Subsidiary MIH Food Delivery Holdings B.V.
Summary
AMSTERDAM--(BUSINESS WIRE)--NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION On 19 December 2019, Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) announced the final increased offer by its wholly-owned indirect subsidiary MIH Food Delivery Holdings B.V. (MIH) to acquire the entire issued and to be issued share capital of Just Eat plc (Just Eat) (the Final Increased Offer). Bob van Dijk, CEO of Prosus, commented: “We would like to thank the Just Eat board and management team for their constructive engagement throughout the process. Just Eat is not an acquisition we wanted to make at any cost and while we have significant financial capacity, we believe that our final offer of 800 pence per share was appropriate in light of the investment required and preserved our ability to create value for our shareholders. In connection with such matters, Morgan Stanley, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in connection with the contents of this Final Increased Offer or any other matter referred to herein. This announcement has been prepared for the purpose of complying with English law and the City Code, the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England and Wales and/or the Netherlands.