Just Eat and Takeaway.com reach agreement to gobble each other

The boards of Just Eat and Takeaway.com have reached agreement to combine their two European food delivery businesses. The pair of publicly listed companies announced they were in talks to combine their businesses a week ago, saying then that talks were at an advanced stage. Today they said their boards have reached agreement on the terms of “a recommended all-share combination”, and both will be recommending unanimously that shareholders vote in favor of the merger at respective meetings. Meetings to seek shareholder approval are to be held no later than 20 December, and the pair say they expect the merger to be completed in Q4, assuming shareholders give the green light. “The Combination would create one of the largest food …