October 28, 2019 / 11:27 AM / 21 days ago

Delivery Hero denies ill intent in sell-down of Takeaway stake

AMSTERDAM, Oct 28 (Reuters) - German online food ordering service Delivery Hero on Monday denied its ongoing sell-down of shares in Dutch rival Takeaway.com is related to a takeover battle for a third company, Britain’s Just Eat.

Delivery Hero is 22% owned by Prosus, which last week made a $6.3 billion cash bid to buy Just Eat. The British firm had already agreed to an all-share offer from rival Takeaway.com.

“We categorically refute all allegations made by certain parties regarding” our shares sale, Delivery Hero said in a statement.

Earlier on Monday investor Cat Rock alleged that Delivery Hero was selling Takeaway shares in order to keep them artificially suppressed and lower the attractiveness of Takeaway’s all-share offer for Just Eat. (Reporting by Toby Sterling; Editing by Jan Harvey)

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