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GRUB

GrubHub

$57.93 /

+0.43 (+0.75%)

, UBER

Uber

$37.75 /

+1.35 (+3.71%)

13:26
06/05/20
06/05
13:26
06/05/20
13:26

GrubHub has two new suitors as antitrust concerns stall Uber talks, CNBC says

Netherlands-based Just Eat Takeaway.com (TKAYY) and Germany-based Delivery Hero (DLVHF) have expressed interest in merging with Grubhub (GRUB), Alex Sherman of CNBC reports, citing people familiar with the matter. The interest comes as antitrust concerns have clouded the chances of an Uber Technologies (UBER) acquisition of Grubhub, sources told CNBC. Just Eat is working with Bank of America as an adviser, the people added. One source said Grubhub is weighing multiple offers, some of which are all-stock and some that are both cash and stock, Sherman notes. The company is mulling the right deal structure with potential buyers given market conditions and regulatory risks, two of the people said. Shares of GrubHub are up 8% to $61.93 following the report while Uber is up 2.5% to $37.36. Reference Link

GRUB

GrubHub

$57.93 /

+0.43 (+0.75%)

UBER

Uber

$37.75 /

+1.35 (+3.71%)

TKAYY

Just Eat Takeaway.com

$0.00 /

+ (+0.00%)

DLVHF

Delivery Hero

$0.00 /

+ (+0.00%)

  • 10

    Jun

  • 11

    Jun

GRUB GrubHub
$57.93 /

+0.43 (+0.75%)

05/20/20 Argus
GrubHub earnings estimates lowered at Argus
05/15/20 Wedbush
Uber's potential GrubHub deal an offensive and defensive move, says Wedbush
05/14/20 Morgan Stanley
Morgan Stanley estimates $650M of 2021 synergies possible in GrubHub-Uber tie-up
05/13/20 KeyBanc
KeyBanc says NYC regulatory risk should be considered by food delivery investors
UBER Uber
$37.75 /

+1.35 (+3.71%)

06/03/20 KeyBanc
KeyBanc sees 'some of most compelling' secular dynamics for ridesharing
05/27/20 Morgan Stanley
Amazon deal could open door for ridesharing competition, says Morgan Stanley
05/27/20 Northcoast
Ride hailing drivers believe April marked the bottom, says Northcoast
05/26/20 Wolfe Research
Uber upgraded to Outperform from Peer Perform at Wolfe Research
TKAYY Just Eat Takeaway.com
$0.00 /

+ (+0.00%)

05/19/20 Goldman Sachs
Just Eat Takeaway.com resumed with a Buy at Goldman Sachs
04/24/20 Morgan Stanley
Just Eat Takeaway.com price target lowered to 8,800 GBp at Morgan Stanley
04/24/20 JPMorgan
Just Eat Takeaway.com price target raised to 9,847 GBp at JPMorgan
DLVHF Delivery Hero
$0.00 /

+ (+0.00%)

05/04/20 Barclays
Delivery Hero price target raised to EUR 88 from EUR 77 at Barclays
04/29/20 Deutsche Bank
Delivery Hero price target raised to EUR 90 from EUR 80 at Deutsche Bank
02/12/20 RBC Capital
Delivery Hero upgraded to Outperform from Sector Perform at RBC Capital
08/27/19 Exane BNP Paribas
Delivery Hero downgraded to Neutral from Outperform at Exane BNP Paribas

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