Just Eat rejects 710 pence a share offer from Prosus

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Just Eat said it’s rejected the 710 pence a share bid from Prosus that was announced earlier on Tuesday. “The Board of Just Eat has considered the terms of the Prosus Offer and believes that it significantly undervalues Just Eat and its attractive assets and prospects both on a standalone basis and as part of the proposed recommended all-share combination with Takeaway.com,” the company said. Just Eat said it had rejected earlier indicative bids from Prosus, and that it’s provided due-diligence information to Prosus.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.