Online food ordering company Takeaway.com has received the struggle for the UK-listed Factual Relish with a £5.9bn all-share provide.
The deal will develop one among the arena’s perfect meal shipping companies.
Dutch huge Takeaway.com was as soon as bidding towards tech investment firm Prosus.
The merged company, that may per chance be led by Takeaway chief executive Jitse Groen, can enjoy its headquarters in Amsterdam and an stock in London.
The joint community will raise together companies that process 360 million annual orders price €7.3bn (£6.6bn).
“I am overjoyed,” mentioned Mr Groen. “Factual Relish Takeaway.com is a dream combination and I am very great taking a search for forward to leading the company for about a years to come.”
Takeaway mentioned that 80.4% of Factual Relish shareholders had agreed to its newest all-share provide, passing a 50% threshold desired to develop the provide unconditional.
The dispute was as soon as price 889 pence per share at primarily the most recent terminate, trumping a rival dispute of 800 pence per share in money from Prosus.
The wrestle to consume Factual Relish began in August, when Takeaway struck a administration-backed deal to consume Factual Relish that may per chance per chance per chance well search for Takeaway conserving a 48% stake in the mixed firm.
That notion was as soon as upended when Prosus laid down the first of three unsolicited rival bids in October. All were rejected as inadequate by Factual Relish managers.
Prosus argued Takeaway was as soon as underestimating the investment desired to fend off opponents corresponding to Uber Eats and Amazon.com.
Mr Groen replied that food shipping was as soon as a low-margin industry, and investments ought to heart of attention on changing into the dominant ordering platform.
The mixed firm can enjoy 23 subsidiaries, mostly in Europe however also in Canada, Australia and Latin The United States.
Factual Relish was as soon as founded by a community of 5 Danish entrepreneurs in 2000 and launched a one year later. It employs 3,600 workers globally.
Besides the Factual Relish label in Europe, it trades as Skip The Dishes in Canada, iFood in Mexico and Brazil, and Menulog in Australia and Current Zealand.
Factual Relish is listed on the FTSE 100 stock alternate in London.