October 23, 2019 / 1:22 PM / a month ago

Investor Aberdeen says Prosus bid for Just Eat is too low

AMSTERDAM, Oct 23 (Reuters) - Investor Aberdeen Standard Investments said on Wednesday internet conglomerate Prosus will need to come up with a higher bid for British meal delivery firm Just Eat.

“We believe Prosus’ current all-cash offer of 710p significantly undervalues the group,” investment director Frederik Nassauer said.

“In our view, Prosus would need to raise their cash offer by at least 20% in order for it to be deemed attractive.”

Reporting by Bart Meijer; editing by David Evans

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below