just eat takeaway merger
Just Eat Takeaway offered 0.67 shares for each Grubhub share, an implied value of $75.15 for each Grubhub share based on June 9's €98.60 Just Eat Takeaway closing price. Just Eat's £6.2billion tie-up with Takeaway.com has been cleared by the competition watchdog. Just Eat Takeaway is itself the result of a recent merger between British service Just Eat … For advertising contact Our partners will collect data and use cookies for ad personalisation and measurement.You can change your choice at any time in our privacy policy.You may see ads that are less relevant to you. As the '70' number plate arrives, we reveal the most and least reliable cars according to drivers who own themSpotify gives away thousands of Google Nest Minis to paying customers for free: Why was the offer on and will it do it again? If the stock opens at current implied prices, the stock would be down 16.3% since Monday's record close of $498.32, which would put it on track to suffer the biggest 3-day percentage decline since it plunged 33.9% during the 3 days ended March 18 as the COVID-19 crisis was taking hold. We are no longer accepting comments on this article.Big battalion investors back Hut Group flotation: Share sale set to value the online leisure firm at massive £4.5bnSIMON LAMBERT: The US stock market and Britain's property market seem to defy economic gravity, so what will stall shares or house prices?Fraudster made a £6k stolen card purchase to rope a man into losing additional £20k in 'sophisticated' ruseSpend your money wisely! Shares of Tesla Inc. dropped 6.7% in premarket trading Thursday, as the correction from its post-stock-split record close earlier this week looks set to extend to a third-straight session. Just Eat Takeaway.com, the result of a previous £6.2bn ($7.8bn) merger between London’s Just Eat and Amsterdam’s Takeaway.com, is one of the dominant food delivery platforms outside of the US. "We have just come through a challenging period but were proud of the role we could play in helping to ensure that hundreds of independent outlets, as well as our long-established partner restaurants, continued to have a route to market during what was an unprecedented time. We do not write articles to promote products. Takeaway dot com reached agreement on its takeover deal today, according to Propel, with the required 80.4 percent of Just Eat shareholders agreeing to a deal that values the company at 916 pence per share. Its quarterly results, announced in April, saw a slowdown in UK growth, with orders rising by 7.4% to 31.9 million. "Takeaway.com has until 1700 BST on 24 August to announce a firm intention to press on with the deal.In March, Just Eat said a fifth of the adult population in the UK used its services, while its delivery business in Canada - Skip The Dishes - was growing rapidly after the introduction of a bilingual service.Peter Duffy, the interim chief executive, said four million new customers joined the business last year.Just Eat was founded by a group of five Danish entrepreneurs in 2000 and launched a year later. 'I'm earning a third of what I was but have a new lease of life': Engineer who lost his job due to Covid is now helping the vulnerable as a Morrisons driverIt's reward time! 'Just Eat Takeaway.com was formed after the two firms went through a lengthy bidding war, which finally concluded in January when the Dutch business's bid was accepted by Just Eat shareholders.But the CMA then launched its investigation and Just Eat and Takeaway have continued to run as two independent businesses under separate management while the inquiry took place.Some links in this article may be affiliate links. Just Eat and Takeaway.com merger thrown into doubt despite shares in the newly-merged firms already trading as watchdog bares its teeth. Just Eat's £6.2billion tie-up with Takeaway.com has been cleared by the competition watchdog.The online food delivery firm's merger with the Dutch group got the go-ahead from the Competition and Markets Authority (CMA), who was 'satisfied there are no competition concerns' after its probe of the deal.The watchdog had been worried the deal could have impacted competition in the market, particularly if Amsterdam-based Takeaway would have otherwise re-entered the UK food delivery sector, giving people more choice against Just Eat and similar rivals such as Uber Eats and Deliveroo.Just Eat's merger with the Dutch group got the go-ahead from the Competition and Markets Authority, who was 'satisfied there are no competition concerns' after its probe of the dealBut its investigation found there was 'not a material likelihood' that Takeaway would have re-entered the UK in the future, had the merger not gone ahead.Colin Raftery, senior director of mergers at the CMA, said: 'After interrogating how this deal is likely to affect the UK market, we are satisfied that there are no competition concerns.
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