Slaughter and May is advising Takeaway.com on its recommended all-share combination with Just Eat plc

05 Aug 2019

Slaughter and May, working with De Brauw Blackstone Westbroek, is advising Takeaway.com on its recommended all-share combination with Just Eat plc.

The combined entity, to be called Just Eat Takeaway.com N.V., will create one of the largest food delivery companies in the world, with scale, strategic vision, industry-leading capabilities, leading positions in attractive markets and a diversified geographic presence.

The terms of the combination will result in Just Eat shareholders owning approximately 52.15% and Takeaway.com shareholders owning approximately 47.85% of Just Eat Takeaway.com N.V. As part of the combination, Just Eat Takeaway.com intends to seek approval a premium listing for the combined group on the London Stock Exchange.

The combination is to be effected by court-sanctioned scheme of arrangement and is conditional on various matters, including shareholder approvals and certain competition and regulatory clearances. It is expected to close in the second half of 2019.

Contacts

Corporate: Paul Dickson (partner), Di Yu (associate), Richard Bach (associate), Matthew Carey (associate), Aleezeh Liaquat (associate), Gillian Fairfield (special adviser); Financing: Ed Fife (partner), Bee Sloan (associate); Competition: Anna Lyle-Smythe (partner), Rafael Grey (associate); Employment and share schemes: Padraig Cronin (partner), Ian Brown (senior counsel), Rosemary Nelson (associate); Financial Regulation: Ben Kingsley (partner), Kristina Locmele (senior counsel); Tax: Gareth Miles (partner), Kyle O’Sullivan (associate)


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