This deal was successfully consummated on June 15, 2021
Merger Details | Value |
---|---|
Acquisition Target Stock Name | Grubhub |
Acquisition Target Stock Ticker | GRUB |
Acquirer Name and Ticker | Just Eat Takeaway (TKAYF, JET.L, TKWY.AS) |
Announcement Date | June 10, 2020 |
Merger Status | FRIENDLY MERGER |
Expected Completion Date | Q1 2021 |
Deal Value | $7.3bn |
Offer Value at Announcement | $75.15 |
Payment Method | All Stock Deal |
Stock Ratio | 0.6710 TKAYF shares for each GRUB share |
Initial Announcement | Press Release |
Just Eat Investor Relations | investor.relations@just-eat.com |
Grubhub Investor Relations | +1 877 585 7878 |
Actual Completion Date | June 15, 2021 |
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Grubhub (NASDAQ: GRUB) & Just Eat (OTC: TKAYF) Merger
Receive FREE instant access to constantly updated GRUB news related to the current merger. Simply register by entering your email address to receive weekly publication updates. For more proprietary Merger Arbitrage Limited content and analysis on this buyout, click either Just Eat Takeaway (TKAYF, JET.L, TKWY.AS) or Grubhub (GRUB). Proprietary commentary can also be accessed by simply entering a ticker symbol into the search box such as “TKAYF” or “GRUB”, or clicking on a stock ticker in the tag cloud at the foot of this article.
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Just Eat (TKAYF) and Grubhub (GRUB) Merger - Acquisition News and Events
The major acquisition news updates & events of Grubhub (GRUB) by Just Eat (TKAYF, JET.L, TKWY.AS) are listed below. A comprehensive data source for
- Traders looking to familiarize themselves with the Just Eat (TKAYF, JET.L, TKWY.AS) merger with Grubhub (GRUB) and trade the merger arbitrage spread
- Existing shareholders and investors wishing to stay abreast of the latest deal developments
Following the acquisition news section, there are in-depth company profiles.
Just Eat Company Profile
Just Eat Takeaway.com N.V. operates an online food delivery marketplace. The company focuses on connecting consumers and restaurants through its platforms. It operates in ten European countries and Israel. The company was founded in 2000 and is headquartered in Amsterdam, the Netherlands.
Grubhub Company Profile
Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 300,000 local restaurants with diners in various cities. It offers Grubhub and Seamless mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, and menupages.com.
The company also provides corporate program that offers employees with various food and ordering options, including options for individual meals, group ordering, and catering, as well as proprietary tools that consolidate various food ordering into a single online account.
In addition, it offers Allmenus.com, which provide an aggregated database of approximately 595,000 menus from restaurants in 50 U.S. states; Grubhub for Restaurants, a responsive web application that can be accessed from computers and mobile devices, as well as Grubhub-provided tablets; point of sale (POS) integration, which allows restaurants to manage Grubhub orders and update their menus directly from their existing POS system; and Website and mobile application design and hosting services for restaurants, as well as technology and fulfillment services, including order transmission and customer relationship management tools. The company was formerly known as GrubHub Seamless Inc. and changed its name to Grubhub Inc. in February 2014. Grubhub Inc. was founded in 1999 and is headquartered in Chicago, Illinois.
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