Takeaway and Just Eat officially merge to become Just Eat Takeaway: Here are all the details

In response to all the speculations swirling in the media world, Dutch online food delivery, Takeaway and London-based meal delivery giant – Just Eat – confirmed last week that they’re in talks for a merger.

Takeaway said in a press release that, “it is in discussions with Just Eat regarding a possible all-share combination of Takeaway.com with Just Eat.” On the other hand, Just Eat also said in the press release, “There can be no certainty as to whether any transaction will take place or the terms on which any combination may be agreed. A further announcement will be made if and when appropriate.”

Takeaway and Just Eat merger official

Now this morning, Takeaway has come out to announce further that both the companies have agreed for a merger. The new combined company will be called Just Eat Takeaway.

The company released the official statement saying,

The Board of Just Eat and the Management Board of Takeaway.com are pleased to confirm that they have reached an agreement in principle on the key terms of a possible all-share combination of Just Eat and Takeaway.com to create Just Eat Takeaway.com N.V. (the “Combined Group”). The Supervisory Board of Takeaway.com has approved in principle the key terms of the Possible Combination.

As per the agreement, Just Eat shareholders would own a little higher approximately 52.2 percent and Takeaway.com shareholders would own about 47.8 percent of the share capital of the new company. Further, the shareholders of Just Eat receive 0.09744 share from Takeaway, which means a premium of 15 percent on the closing price of Just Eat on Friday.

Jitse Groen: CEO of Just Eat Takeaway

Jitse Groen, currently CEO of Takeaway.com, will assume the role of CEO of the Combined Group. Paul Harrison, the CFO of Just Eat will assume the role of CFO while, Brent Wissink, currently CFO of Takeaway.com, and Jörg Gerbig, currently COO of Takeaway.com, will assume the role of Co-COOs of the new company.

Also, Mike Evans, currently the Chairman of Just Eat, will assume the role of Chairman of the Supervisory Board of the new company. Adriaan Nühn, now Chairman of the Takeaway.com Supervisory Board, will assume the role of Vice-Chairman of the Supervisory Board of the Combined Group.

Headquarters in Amsterdam

Further, the company will maintain its headquarters and stock exchange listing in Amsterdam, but also gets a stock exchange listing on the London Stock Exchange.

Founded in 2000, Takeaway.com has rapidly grown to become the leading online food delivery marketplace of Continental Europe with operations in the Netherlands, Germany, Poland, Belgium, Austria, Israel, Switzerland, Luxembourg, Portugal, Bulgaria and Romania. In the twelve months ended December 2018, Takeaway.com processed nearly 94 million orders from 14.1 million unique consumers.

Stay tuned to Silicon Canals for more updates in the tech startup world.

https://siliconcanals.com/news/drivetrust-raises-e1-5m-funding-safer-driving/