Just Eat Takeaway Publishes Prospectus For Proposed $7B GrubHub Acquisition: Reuters

May 12, 2021 11:40 AM | 1 min read | Make a Comment

Amsterdam-based food delivery company, Just Eat Takeaway.com NV TKAYF published the prospectus for its proposed $7 billion acquisition of U.S. peer GrubHub Inc GRUB, Reuters reports.
Takeaway shareholders had approved the deal in October.
GrubHub shareholders will meet to vote on the offer on June 10.
GrubHub had previously declined Uber Technologies Inc’s UBER acquisition offer for $65 - $70 per share in favor of Just Eat Takeaway.com’s all-stock transaction valued at $75.15 per share.
Just Eat Takeaway.com’s orders surged by 79% in Q1 2021, almost twice its growth estimates from the pandemic-induced boom in-home eating in Britain and other markets.
Price action: GRUB shares traded lower by 8.48% at $58.8 on the last check Wednesday.