Takeaway buys Just Eat for $7.8 billion, must wait to merge operations

Dutch online food ordering company Takeaway.com on Friday declared its $7.8 bill...

FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville./File Photo

Takeaway said in a statement that shares in the combination will begin trading on the London Stock Exchange on Monday, Feb. 3. Just Eat said in a separate statement it is sure the merger will not result in a “significant lessening” of competition in the UK food delivery market, adding that it would fully abide by the CMA’s order and work with it through the investigation.

It said on Friday that 92.2% of shareholders have now tendered shares to its offer. Takeaway intends to launch a squeeze out process to acquire the rest.

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