World, As Seen from the most beautiful islands: Ireland and Cyprus

Cat Rock: Prosus proposal is a ‘dramatic undervaluation’


Cat Rock Capital Management is not in favor of the offer made by tech investor Prosus for Just Eat. The activist shareholder calls the price a “dramatic undervaluation” of the British meal delivery person.

Cat Rock has a stake of approximately 3 percent in Just Eat. The investor believes that a merger of the company with Takeaway offers more value. Mid February Cat Rock already stated that Just Eat should merge with Takeaway. When that process was finally started, it explicitly stated that it was in favor of the deal. This is in contrast to, for example, the American investor Eminence Capital, which is opposed to the merger. Eminence has an interest of approximately 4 percent.

Prosus, which was recently listed on the Amsterdam stock exchange, has left 4.9 billion pounds, or about 5.7 billion euros, for Just Eat, which, incidentally, has resolutely rejected the bid.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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