BARCELONA (Reuters) - Takeaway.com NV (AS:TKWY) CEO Jitse Groen said on Wednesday he does not plan to improve his company's 4.3 billion pound ($5.50 billion) all-share bid to buy British rival Just Eat PLC (L:JE), despite a higher cash offer from rival Prosus NV (AS:PRX).
Asked on the sidelines of the Morgan Stanley (NYSE:MS) European Technology, Media & Telecom conference in Barcelona whether he planned to raise or sweeten the offer, he said "no".
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When asked how much support his offer had from shareholders he answered "a lot, actually, because they are the same shareholders, there's a lot of overlap. People know our track record."