Shares of Grubhub surged 12.5% on Wednesday after The Wall Street Journal reported that the company has hired financial advisors to explore strategic options, including a possible sale.
At $54 per share, Grubhub’s stock is closing in on the price it traded at before its disappointing third-quarter earnings report in October.
In addition to a possible sale, Grubhub is also weighing the possibility of an acquisition and has discussed strategies for fending off activists, according to the Journal. The review is still at an early stage, and it’s possible that it won’t lead to any strategic moves.
Full Content: CNBC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Probes Liberty Media’s $3.8 Billion MotoGP Acquisition
Dec 12, 2024 by
CPI
Athletes Behind NCAA Antitrust Settlement Push for Collective Bargaining Rights
Dec 11, 2024 by
CPI
Big Tech Stocks Surge as Trump Names Ferguson to Lead FTC
Dec 11, 2024 by
CPI
Synopsys Proposes Divestitures to Secure EU Approval for $35 Billion Ansys Deal
Dec 11, 2024 by
CPI
Renowned Antitrust Expert and Former Morgan Lewis Chair John Shenefield Passes Away
Dec 11, 2024 by
CPI
Antitrust Mix by CPI
Coopetition in The Pharma Industry: Challenges for Antitrust
Dec 12, 2024 by
Juan Delgado & Lourdes Sosa
Symmetry and the Sixth Force: The Essential Role of Complements
Dec 12, 2024 by
Adam Brandenburger & Barry Nalebuff
ESG Collaborations in Light of European Antitrust Policy and Enforcement Trends
Dec 12, 2024 by
Christian Ritz, Julia Gingelmaier & Kyra Harmes
Antitrust Chronicle® – Co-opetition
Dec 11, 2024 by
CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI