GRUB - Grubhub gains 6% after Just Eat reports Q3 strength deal remains on schedule

Grubhub (GRUB) shares gain 5.8% after acquiring company Just Eat Takeaway ([[TKAYF]],[[TKAYY]]) reports strong pandemic-related delivery gains and provides an update on the deal.U.K.-based Just Eat, which merged with Dutch rival Takeaway.com in February, says orders increased 43% in the region since adding McDonald's and Greggs outlets to the network.Between July and September, Just Eat delivered 46M orders just in the United Kingdom. Worldwide demand (includes markets like Australia, Canada, and Germany) increased 46% Y/Y in Q3 to 151.4M orders.Just Eat shareholders recently approved the $7.3B Grubhub takeover, and the company says the deal remains on track to close early next year.Previously: Grubhub gains 7% after Just Eat reports H1 strength (Aug. 12 2020)

For further details see:

Grubhub gains 6% after Just Eat reports Q3 strength, deal remains on schedule