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Grubhub stock price explodes 10% in premarket on confirmation of Just Eat Takeaway deal

By: Invezz

Shares of Grubhub (NYSE: GRUB) are trading nearly 10% higher in premarket after the food delivery company accepted a $7.3 billion all-stock offer from European food-ordering firm Just Eat Takeaway.com NV (AMS: TKWY). Fundamental analysis: Just Eat takes advantage of Uber’s inability to close the deal Just Eat Takeaway.com NV, the Dutch food-ordering company, said it agreed to a deal to buy the U.S. food delivery company Grubhub in the all-stock $7.3 billion deal. “Matt [Maloney, CEO of Grubhub] and I are the two remaining food delivery veterans in the sector, having started our respective businesses at the turn of

The post Grubhub stock price explodes 10% in premarket on confirmation of Just Eat Takeaway deal appeared first on Invezz.

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