BDL Claims Prosus’ Bid for Just Eat Takeaway Is Unjust to Minority Investors
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BDL Capital Management, based in Paris, expressed dissatisfaction with the price offered by Prosus for the acquisition of Just Eat Takeaway.com. The Dutch technology investor had proposed buying Just Eat Takeaway for 20.3 euros per share to create a strong player in the European food delivery sector. BDL Capital Management argued that the fair value should be 56.1 euros per share based on their analysis, which considered various factors like enterprise value, EBITDA multiples, previous transactions, and potential synergies. Just Eat Takeaway.com defended Prosus' offer, stating that it provides shareholders with a lucrative cash premium and other favorable terms. Prosus did not provide an immediate response to the matter.

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