GRUB - Just Eat Takeaway jumps on takeover speculation (update)

Update 12:32pm: Updates shares, adds background.  Just Eat Takeaway.com (NASDAQ:GRUB) advanced 20% on a report that the food delivery company is the subject of takeover speculation. There is speculation that the GRUB may be looking at its strategic options with an investment banker, according to a Betaville "uncooked" alert. The food delivery firm may have attracted interest from private equity. Some people following the matter suggested Uber (NYSE:UBER) may be around the situation. The takeover speculation comes after a Bloomberg report in January that the company's management may be open to a sale of Grubhub, the U.S. segment of the company. The company has also seen pressure from at least one holder, Cat Rock Capital, which urged the company in late October to explore options for the Grubhub business. Just Eat (GRUB) management had indicated to some investors the company may be open to selling Grubhub, according to the Bloomberg report. Advisers were

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Just Eat Takeaway jumps on takeover speculation (update)