Just Eats Takeaway.com N.V. (TKAYF) (JET for short) made some headlines leapfrogging Uber Technologies, Inc. (UBER) to capture Grubhub Inc. (GRUB). Consolidation is rampant in the space as the latest merger deal should create additional scale and opportunity for the future largest online food delivery company outside of China. The combined company should continue to grow during the Covid-19 pandemic, while a return to profitability could spur the newly created American Depositary Receipts (ADR's) to new highs in 2021.
The JET and Grubhub merger will give current Grubhub shareholders