TKAYF - Just Eat Takeaway: Cat Rock Becomes An Impatient Activist And Blows Up The Strategy
- Merging with Grubhub was a necessity to avoid giving Uber valuable profit pools which it could reinvest in Europe.
- Cat Rock was Takeaway's biggest most vocal supporter during the Grubhub merger calling it a "masterstroke".
- After the Capital Market's day of Takeaway, Cat Rock sent a public letter.
- In short, Cat Rock is worried about JET's low stock price.
- Cat Rock's solution is just to subsidize Amazon or another suitor into entering grocery and, by doing so, derisk the stock, which in turn leads to a stock appreciation?
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Just Eat Takeaway: Cat Rock Becomes An Impatient Activist And Blows Up The Strategy