Food delivery company Just Eat rejected a sweetened takeover bid from investment firm Prosus on Tuesday, saying that the 5 billion pound (USD 6.6 billion) offer still "significantly undervalues" the company.
Prosus NV, which is owned by the wealthy South African investment group Naspers, had already bid twice for Just Eat in private, and has now made two public offers - but has seen both rejected.
In October, Just Eat rejected a Prosus takeover proposal worth 4.9 billion pounds.
Just Eat, which delivers food in many European countries as well as Australia, Canada, Mexico and Brazil, among others, said in a statement that its board "continues to believe that the Prosus Offer fails to reflect appropriately the quality of Just Eat and its attractive assets and prospects."
Disclaimer: No Business Standard Journalist was involved in creation of this content