⁍ Shareholders of Just Eat Takeaway.com NV have approved a proposed $7.3 billion acquisition of U.S. rival GrubHub.
⁍ The company still expects the deal to close in the first half of 2021, pending approval from Grubhub shareholders and regulators.
⁍ Takeaway, which is loss-making but says sales are booming amid the coronavirus pandemic, is due to report third-quarter earnings next week.
– Takeaway.com is set to become the world’s biggest food-ordering company after its shareholders approved a $7.3 billion acquisition of rival GrubHub on Wednesday, Reuters reports. The deal, which Takeaway says it expects to close in the first half of 2021, still needs the approval of Grubhub shareholders and regulators. Takeaway, which is loss-making but says sales are booming amid the coronavirus pandemic, is due to report third-quarter earnings next week.
Source: https://www.reuters.com/article/us-grubhub-m-a-just-eat-takeaway-com/takeawaycom-shareholders-approve-grubhub-acquisition-idUSKBN26S29M