Just Eat rejects £4.9bn takeover offer - business live
(The Guardian Business News)

Rolling coverage of the latest business and financial news, as home delivery firm Just Eat receives a rival takeover offerLatest: Just Eat turns offer downBreaking: Just Eat in £4.9bn takeover battleProsus hopes to snaffle Just EatJust Eat shares have surged 20%Earlier:Sterling calm ahead of Brexit votesPremier Inn suffers from economic uncertainty 10.31am BST Prosus´s surprise takeover bid is online here: Cash offer for Just Eat by ProsusJust Eat´s rapid rejection is online here: Rejection of unsolicited Offer by Prosus N.V. 10.20am BST Arash Massoudi of the Financial Times believes Prosus may have to stump up even more money for Just Eat.Its current offer of £4.9bn is substantially more than the £4bn the firm was worth yesterday -- but may not be enough!How long did Just Eat take to scorch the Prosus offer? About an hour. Hearty rejection. This is going to get ugly. `significantly undervalues` aka bump by more than 10% expected if you want us to consider. https://t.co/L5bPFY2b0o Continue reading...