The Prospectus, as well as any supplement thereto, will be made available on the website of Just Eat Takeaway.com at its websitewww.justeattakeaway.com. "JET [Just Eat Takeaway] management made a capital allocation mistake when it decided to buy Grubhub in June 2020 with minimal synergies only two months after tripling the Companys size with the Just Eat acquisition," it said in a letter, also referring the merger of Just Eat and Takeaway, which formed the current company. Grubhub Stockholders Approve Transaction with Just Eat Takeaway.com Just Eat Takeaway acquires Grubhub in all-stock deal Combining the companies that. Cat Rock Capital Issues Presentation on Just Eat Takeaway.com Forward-looking statements involve substantial risks, known and unknown, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from future results expressed or implied by such forward-looking statements including, but not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Grubhub or Just Eat Takeaway.com to terminate the merger agreement; difficulties and delays in integrating Grubhubs and Just Eat Takeaway.coms businesses; risks that the proposed merger disrupts Grubhubs or Just Eat Takeaway.coms current plans and operations; failing to fully realize anticipated synergies, cost savings and other anticipated benefits of the proposed merger when expected or at all; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; the risk that unexpected costs will be incurred; the ability of Grubhub or Just Eat Takeaway.com to retain and hire key personnel; the diversion of managements attention from ongoing business operations; uncertainty as to the value of the Just Eat Takeaway.com ordinary shares to be issued in connection with the proposed merger; uncertainty as to the long-term value of the common stock of the combined company following the proposed merger; the continued availability of capital and financing following the proposed merger; the outcome of any legal proceedings that may be instituted against Grubhub, Just Eat Takeaway.com or their respective directors and officers; changes in global, political, economic, business, competitive, market and regulatory forces; changes in tax laws, regulations, rates and policies; future business acquisitions or disposals; competitive developments; and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Grubhubs and Just Eat Takeaway.coms control. With yesterdays public filing of the registration statement and preliminary proxy statement with the SEC and the Grubhub special stockholder meeting expected to take place in June, we are looking forward to closing the transaction in the coming months and beginning our next chapter as part of the Just Eat Takeaway.com family.. Since sharing our views last month, we have had a productive dialogue with JET management. For the first quarter, the Company reported revenues of $551 million, which is a 52% year-over-year increase from $363 million in the same period last year. You may obtain free copies of these documents from Grubhub or Just Eat Takeaway.com using the sources indicated above. Nothing contained herein constitutes or should be construed as (i) investment, tax, financial, accounting or legal advice (ii) a representation that any investment or strategy is suitable or appropriate to any individual investor or (iii) a personal recommendation to any individual investor. June 10, 2020, 3:06 PM PDT Europe's Just Eat Takeaway.com agreed to acquire U.S.-based Grubhub for $7.3 billion, in a deal that creates one of the world's largest meal-delivery companies as. However, its overall number of orders fell 1%, to 264.1 million. For the full year of 2021, it booked revenues of 5.3 billion with an adjusted EBITDA loss of 350 million. Institute of Management Technology, Dubai, philips-third-quarter-results-2009-presentation.pdf, 201710074_Assessement I - Marketing Plan_COCHRANELeah.pdf, OL 321 Milestone Two- Feasibility Analysis .docx. We also observed a continued, steady recovery in our largest market, New York City, said Adam DeWitt, Grubhub president and CFO. Netflix on Tuesday reported a drop in subscribers in the first quarter, marking the first time it has lost paid users since October 2011. Any person who is in any doubt about the matters to which this announcement relates should consult an authorised financial adviser or other person authorised under the UK Financial Services and Markets Act 2000. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended and applicable United Kingdom, Dutch and other European regulations. Jun. Just Eat Says Grubhub Sale Still Possible as Shares Slide 28, 2018 2:04 PM ET Just Eat plc (JSTTY), JSTLF. Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. Private Securities Litigation Reform Act of 1995. This announcement is not intended to be and does not constitute or contain any investment recommendation as defined by Regulation (EU) No 596/2014 (as it forms part of the domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018). Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. The total number of voting rights in the Company is therefore 211,621,200and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules and the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht). CHICAGO, June 10, 2021 /PRNewswire/ Grubhub Inc.(NYSE: GRUB) (Grubhub), a leading online and mobile food-ordering and delivery marketplace, today announced that its stockholders overwhelmingly approved the proposals necessary to complete the proposed acquisition by Just Eat Takeaway.com N.V. (Just Eat Takeaway.com) of 100% of the shares of Grubhub in an all-stock transaction (the Transaction) to create one of the worlds largest online food delivery companies, measured by Gross Merchandise Value and revenue. . The extent to which the COVID-19 pandemic impacts Grubhubs and Just Eat Takeaway.coms businesses, operations and financial results, including the duration and magnitude of such effects, will depend on numerous factors, which are unpredictable, including, but not limited to, the duration and spread of the outbreak, its severity, the actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. The Cat Rock presentation and past releases are available at JustEatMustDeliver.com. Forward-looking statements generally relate to future events or Grubhub and Just Eat Takeaway.com's future financial or operating performance and include, without limitation, statements relating to the proposed merger and the potential impact of the COVID-19 outbreak on Grubhub and Just Eat Takeaway.com's business and operations. The plant-based egg substitute is made from mung beans, comes in a squirt . Non-GAAP Net (Loss): $(52.5) million, or $(0.56) per diluted share, a decrease from $(37) thousand, or $(0.00) per diluted share, in the first quarter of 2020. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. 10, 2021. A major investor in Just Eat is calling for it to spin off Grubhub as the companies struggles with viability. This is an all-share deal, where Grubhub shareholders will get 0.6710 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each . I am excited that we can create the worlds largest food delivery, business outside China. This presentation contains "forward-looking statements" regarding Grubhub, Just Eat Takeaway.com or their respective management's future expectations, beliefs, intentions, goals, strategies, plans and prospects, which, in the case of Grubhub, are made in reliance on the "safe harbor" provisions of the U.S. Just Eat Takeaway to Acquire Grubhub for $7.3 Billion Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. Actual results, performance or achievements may vary materially and adversely from those described herein. To the best of Cat Rock Capitals ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that Cat Rock Capital believes to be accurate and reliable. Posts navigation. All Rights Reserved. According to a report from the Sunday Times, Just Eat Takeaway could wipe around $6 billion off the value of the US company that it acquired for $7.3 billion in 2020. Forward-looking statements generally relate to future events or Grubhub and Just Eat Takeaway.coms future financial or operating performance and include, without limitation, statements relating to the proposed merger and the potential impact of the COVID-19 outbreak on Grubhub and Just Eat Takeaway.coms business and operations. Nothing in this announcement should be relied upon as a promise or representation as to the future. But instead, Just . (1), Grubhub is one of only four scaled independent same-day delivery networks in the United States, which gives it significant strategic and intrinsic value. No Offer or Solicitation Earnings & Shareholders Archives - Grubhub We help restaurants grow their businesses and experiment with new concepts. Investors and security holders may obtain copies of these documents and any other documents filed with or furnished to the SEC by Grubhub or Just Eat Takeaway.com free of charge through the website maintained by the SEC atwww.sec.gov, from Grubhub at its website,investors.grubhub.com, or from Just Eat Takeaway.com at its websitewww.justeattakeaway.com. 3 On a fully diluted basis. Nothing in this announcement should be considered as a profit forecast. Cat Rock Capital The company has lost more than two thirds of its market value in the past 12 months. Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as 33 million active diners. The Company has rapidly grown to become a leading online food delivery marketplace with operations in the United States, United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain and Switzerland, as well as through partnerships in Colombia and Brazil. Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Slaughter and May are retained as legal advisers to Just Eat Takeaway.com. The firm said growth in the second quarter of the year will "remain challenging.". Nothing in this announcement or in any related materials is a statement of or indicates or implies any specific or probable value outcome in any particular circumstance. For additional information concerning factors that could cause actual results and outcomes to differ materially from those expressed or implied in the forward-looking statements, please refer to the cautionary statements and risk factors included in Grubhubs filings with the Securities and Exchange Commission (the SEC), including Grubhubs Annual Report on Form 10-K filed with the SEC on March 1, 2021, Grubhubs Quarterly Reports on Form 10-Q and any further disclosures Grubhub makes in Current Reports on Form 8-K. Grubhubs SEC filings are available electronically on Grubhubs investor website atinvestors.grubhub.comor the SECs website atwww.sec.gov. The presentation is available for download at JustEatMustDeliver.com. Statement from Matt Maloney, founder of Grubhub: "I couldn't be more excited to enter this next chapter of Grubhub's story with the global leadership and experience of the Just Eat Takeaway team. Delivery Hero is down 73% in the last year, while Britain's Deliveroo has fallen 56%. Pressure mounts on Just Eat Takeaway as the broader food and grocery delivery business moves through a period of turbulence. We welcome continued dialogue with Just Eat Takeaway.coms Board and shareholders regarding our research and perspectives. Entering text into the input field will update the search result below, To report a factual error in this article. Dive Brief: Amsterdam-based food delivery company Just Eat Takeaway.com entered into an all-stock transaction with Grubhub, the companies announced Wednesday. Gruhbub's shareholders on Thursday voted to approve the company's acquisition by Just Eat Takeaway.com (JET), exactly one year after the $7.3 billion deal between the two delivery giants was announced. Both, of us have a firm belief that only businesses with high-quality and profitable growth will, sustain in our sector. It's faced calls from a prominent activist investor to sell Grubhub and refocus on Europe. +44 (0) 7989 528421 Cat Rock Capital Issues Presentation on Just Eat - Business Wire Just Eat Takeaway.com to Combine with Grubhub to, Create a Leading Global Online Food Delivery Player, Matt and I are the two remaining food delivery veterans in the sector, having started our, respective businesses at the turn of the century, albeit on two different continents. In Europe, the company has pulled out of some markets like Portugal and Norway. Cat Rock Capital is subject to supervision by, and registered with, the U.S. Securities and Exchange Commission. In some cases, you can identify forward-looking statements because they contain words such as anticipates, believes, contemplates, could, seeks, estimates, intends, may, plans, potential, predicts, projects, should, will, would or similar expressions and the negatives of those terms. Just Eat Takeaway.com reported gross transaction value (GTV) of 7.2 billion euros ($7.8 billion) in the first quarter, up 4% from the same period a year ago. The activist investor Cat Rock Capital Management, which owns a 6.5% stake in Just Eat, blamed Grubhub for the under performance and urged Just Eat to sell it, perhaps to Amazon. We believe Just Eat Takeaway.com should act expeditiously to refocus its business on Europe, where it is the clear market leader in online food delivery and best-positioned to capture the incredibly large same-day delivery opportunity. In some cases, you can identify forward-looking statements because they contain words such as anticipates, believes, contemplates, could, seeks, estimates, intends, may, plans, potential, predicts, projects, should, will, would or similar expressions and the negatives of those terms. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Any historical financial information, projections, estimates, forecasts, targets, prospects or returns contained herein are not necessarily a reliable indicator of future performance. Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as 33 million active diners. Eat Just CEO: From $3,000 in savings to $1.2 billion food startup - CNBC This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Non-GAAP Adjusted EBITDA: $(9.3) million, a decrease from $21.0 million in the first quarter of 2020. Grubhub Inc. 2018 Annual Meeting of Stockholders. Together we will continue to innovate and break new ground in our industry as we each have separately for the past 20 years.". Cision Distribution 888-776-0942 Forward-looking statements involve substantial risks, known and unknown, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from future results expressed or implied by such forward-looking statements including, but not limited to, difficulties and delays in integrating Grubhub's and Just Eat Takeaway.com's businesses failing to fully realise anticipated synergies, cost savings and other anticipated benefits of the merger when expected or at all potential adverse reactions or changes to business relationships resulting from the completion of the merger the ability of Grubhub or Just Eat Takeaway.com to retain and hire key personnel the diversion of management's attention from ongoing business operations uncertainty as to the long-term value of the common stock of the combined company the continued availability of capital and financing changes in global, political, economic, business, competitive, market and regulatory forces changes in tax laws, regulations, rates and policies future business acquisitions or disposals competitive developments and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Grubhub's and Just Eat Takeaway.com's control. (3) JET Capital Markets Day presentation dated 21 October 2021. Data is a real-time snapshot *Data is delayed at least 15 minutes. While forward-looking statements are Grubhubs and Just Eat Takeaway.coms current predictions at the time they are made, you should not rely upon them. 138.37K Follower s. Follow. Except as required by law, Grubhub and Just Eat Takeaway.com assume no obligation to update these forward-looking statements or this communication, or to update, supplement or correct the information set forth in this communication or the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. As a result of the Transaction, New Just Eat Takeaway.com Shares (represented by New Just Eat Takeaway.com ADSs) have now been issued for the benefit of Grubhub Stockholders in satisfaction of the consideration due under the terms of the Transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE RELATED PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM F-4, THE PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, THE AFM AND/OR THE FCA IN CONNECTION WITH THE PROPOSED MERGER, WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT GRUBHUB, JUST EATTAKEAWAY.COMAND THE PROPOSED MERGER.