Just Eat (JE/ LN): From a Strategic Perspective Prosus Is the Best Buyer, It Should Pay More

New Prosus Offer Won't Take Away Just Eat

Just Eat (JE/ LN): Who Else Can Enter the Bidding War?

European Event-Driven Analyst

Patryk Basiewicz

PGB Research

Event-Driven

<p>The way Prosus let Just Eat go during the bidding war seemed like a strategic retreat. This move led to speculation that Prosus was pulling back so it could make a bolder move for the combined Just Eat Takeaway (JET LN) at a later stage. Fall in the share price of the combined group would have been a good opportunity to acquire JET. The COVID-19 crisis put paid those plans. During the lockdown, British people ate a lot of delivered food. Just Eat business flourished. </p>
<p>Now with a bid on <a href="https://www.smartkarma.com/entities/grubhub-inc" target="_blank" data-smartkarma-citation="entities:5881:1" rel="noopener">Grubhub Inc (GRUB US)</a> on the tape, if Prosus wants JET it has to make its move very soon. Below I analyse the financial ability of Prosus to bid on JET.</p>

The way Prosus let Just Eat go during the bidding war seemed like a strategic retreat. This move led to speculation that Prosus was pulling back so it could make a bolder move for the combined Just Eat Takeaway (JET LN) at a later stage. Fall in the share price of the combined group would have been a good opportunity to acquire JET. The COVID-19 crisis put paid those plans. During the lockdown, British people ate a lot of delivered food. Just Eat business flourished. 
Now with a bid on Grubhub Inc (GRUB US) on the tape, if Prosus wants JET it has to make its move very soon. Below I analyse the financial ability of Prosus to bid on JET.

Just Eat Takeaway / GrubHub (JET LN / GRUB US): Will Prosus (PRX NA) Spoil the Dinner Party?

Prosus NV

Just Eat Takeaway / GrubHub (JET LN / GRUB US): Will Prosus (PRX NA) Spoil the Dinner Party?