Just Eat Says Grubhub Sale Still Possible as Shares Slide

Shares of Just Eat Takeaway.com N.V. hit an all-time low Wednesday after the head of its U.S. division said a sale wasn’t a definite outcome for the company’s Grubhub online food business, which Just Eat is reviewing.

Grubhub Chief Executive Adam DeWitt said at The Wall Street Journal Global Food Forum on Tuesday that company parent Just Eat hopes to find a strategic partner to invest in the U.S. online ordering company, and that a sale was possible but not imminent.

Source link

Leave a Reply

Your email address will not be published.

%d bloggers like this: