A major Just Eat Takeaway.com NV shareholder stepped up its campaign to boost the company’s lagging stock performance, calling for the food delivery firm to sell or spin off its U.S. business Grubhub by the end of this year.
Cat Rock Capital Management LP, which owns about 6.5% of Amsterdam-based JET, said in a statement Monday that it urged “immediate action to unlock Grubhub value,” shortly after a capital markets day from company executives aimed at providing a strategic update to investors.
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October 25, 2021 at 03:53PM
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Just Eat Investor Cat Rock Calls for Sale of Grubhub in 2021 - Bloomberg
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