London, United Kingdom – Just Eat Takeaway.com announced its decision to delist its shares from the London Stock Exchange due to low liquidity and trading volumes. This move comes as the European food delivery giant is on the brink of being acquired by Dutch technology investor Prosus in an all-cash deal worth approximately 4.1 billion euros ($4.3 billion).

The offer from Prosus values Just Eat’s shares at 20.3 euros each, representing a premium of 63% compared to the firm’s closing price on Friday. Fabricio Bloisi, CEO of Prosus and Naspers group, expressed excitement about the acquisition, stating that the merger has the potential to create a European tech champion by combining Prosus’ technical and investment capabilities with Just Eat Takeaway.com’s strong brand presence in key European markets.

The decision to delist from the London Stock Exchange reflects Just Eat Takeaway.com’s strategic realignment as it prepares for the acquisition by Prosus. The move aims to streamline operations and maximize value for customers, drivers, partners, and shareholders. Additionally, the merger is expected to bring significant benefits to various stakeholders involved in the companies’ operations.

As the situation continues to evolve, further updates on the acquisition and delisting process will be provided. The alignment of Just Eat Takeaway.com with Prosus signifies a major development in the European food delivery industry, with potential implications for market competitiveness and innovation in the sector. Stay tuned for more updates on this developing news story as it unfolds.