November 26, 2019 / 7:32 AM / 16 days ago

Just Eat-shareholder Cat Rock urges investors to back deal

LONDON, Nov 26 (Reuters) - Just Eat shareholder Cat Rock Capital on Tuesday urged investors to back an all-share merger with, saying it believed the combination could create a company worth 1,200 pence a share in little over a year.

Just Eat shareholders have two offers to consider: a tie-up between the British group and its Netherlands-based peer and a 710 pence a share cash offer from technology company Prosus.

Cat Rock, which controls about 3% of Just Eat’s shares, said the Prosus offer significantly undervalued Just Eat and shared none of the future potential of the business with Just Eat shareholders.

Reporting by Paul Sandle; editing by Kate Holton

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