Just Eat Takeaway 's (OTC: GRUB) $7.3 billion takeover of Grubhub , which was announced a year ago, finally closed on June 15. Grubhub's investors received 0.671 shares of the new American depositary receipts for each of their original shares, and the merged company will become one of the world's largest third-party food delivery platforms outside of China.
Grubhub's investors might be wondering if they should sell their new shares or put some faith in the new company. Investors who don't already own the stock are also likely wondering if Just Eat Takeaway will fare any better than Grubhub -- which lost nearly 50% of its value over the past three years amid fierce competition from DoorDash (NYSE: DASH) and Uber Technologies ' Uber Eats. Let's review the two separate companies, how they'll fare after the merger, and whether or not it's a worthy investment.
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Should Investors Buy Just Eat Takeaway After It Devours Grubhub?