October 23, 2019 / 1:20 PM / 22 days 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

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