9th Jun 2015 06:31
LONDON (Alliance News) - Just Eat PLC Tuesday said 41.33% of the shares available under its recently-announced open offer were taken up, and the remainder have been placed so that it raised about GBP445 million to fund the company's acquisition of Menulog Group Ltd.
The company announced the open offer and placing last month and the open offer closed on Monday. It got valid acceptances for 43.6 million shares under the open offer, and the remaining 61.8 million in the offer were taken up under its placing.
It had already said that its major shareholders, which held 42.97% of its share issuance ahead of the placing and open offer, wouldn't take up their entitlement under the open offer.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Just Eat