Just Eat shares jump 54% after Prosus' acquisition bid

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Just Eat shares jump 54% after Prosus’ acquisition bid

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Just Eat shares jump 54% after Prosus’ acquisition bid

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European food delivery company Just Eat will be acquired by Dutch tech investor Prosus in an all-cash deal worth approximately €4.1 billion (US$4.3 billion).

The offer values Just Eat shares at €20.3 (US$21,36) each, a 63% increase from the firm’s closing price on Feb.21.

Just Eat shares jumped 54% on Feb. 24 morning, reaching a 52-week high, following news of its acquisition.

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