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Grubhub-Just Eat Merger Deal Extended By 6 Months

By  |  September 7, 2020

Grubhub announced that its acquisition by Netherlands-based Just Eat Takeaway.com may need more time to complete. 

In a joint statement, Grubhub and Just Eat announced that they have extended the completion date for the transaction to December 31, 2021, from the original date of June 10, 2021. The two companies had entered into a definitive agreement on June 10 this year, under which Just Eat agreed to buy 100% Grubhub in an all-stock merger transaction valued at US$7.3 billion.

Grubhub stated that, “The amendment provides additional certainty for the parties regarding the timing of the necessary steps to completion, including the registration of Just Eat Takeaway.com ordinary and American depositary shares in the U.S. under the Securities Act of 1933.”