December 9, 2024

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Takeaway.com shareholders approve Grubhub acquisition

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Takeaway.com shareholders approve Grubhub acquisition

Reuters;

AMSTERDAM, Oct 7 (Reuters) – Shareholders of Just Eat Takeaway.com NV, the online food-ordering company, on Wednesday said its shareholders have approved a proposed $7.3 billion acquisition of U.S. rival GrubHub.

Takeaway agreed in June to buy Grubhub in an all-share deal that would make the combination the biggest company in its industry in both Europe and the U.S.

The company said in a statement on Wednesday it still expects the deal to close in the first half of 2021, pending approval from Grubhub shareholders and regulators. […]

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