whytestocks
4 years ago
Breaking News: $GRUB Grubhub To Announce Third Quarter 2020 Financial Results On Oct. 28, 2020
Grubhub To Announce Third Quarter 2020 Financial Results On Oct. 28, 2020 PR Newswire CHICAGO, Oct. 14, 2020 CHICAGO , Oct. 14, 2020 /PRNewswire/ -- Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today anno...
In case you are interested GRUB - Grubhub To Announce Third Quarter 2020 Financial Results On Oct. 28, 2020
tedkov
5 years ago
Grubhub Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
June 11, 2020
Tags: United States Grubhub Just Eat Takeaway Corporate Affairs Mergers & Acquisitions
A group of Grubhub Inc. shareholders are attempting to block the $7.3 billion purchase of the company by Just Eat Takeaway.com. Under terms of the definitive merger agreement, 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 Grubhub share (based on the undisturbed closing price of Just Eat Takeaway.com on June 9, 2020 of €98.602). This gives Grubhub a total equity consideration (on a fully diluted basis) of $7.3 billion.
The deal would represent a modest premium of approximately 6% to the preceding day. The deal is slated to close by end of the year, pending approval by regulators and a majority of Grubhub shareholders.
The shareholders allege that the purchase price is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management of Grubhub obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders. Further, shareholders allege that management is selling the company while the stock price is depressed as a result of the COVID-19 pandemic and that they are not getting an appropriate premium based upon the company's true inherent value. Indeed, the stock price traded above the buyout price within the past year alone.
Grubhub investor relations did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of Grubhub for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037 or email at contact@tripplevy.com
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whytestocks
5 years ago
News: $GRUB IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Grubhub Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / November 24, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Grubhub Inc. ("Grubhub" or "the Company") (NYSE: GRUB ) for violations of securities laws. If you ar...
Got this from GRUB - IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Grubhub Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
whytestocks
5 years ago
News: $GRUB Down 70%, Is Grubhub Still a Hot Stock?
Grubhub (NYSE: GRUB) hit an all-time high of approximately $146 in September 2018, but the stock has been bad news ever since. Shares fell steeply to $70 in Q4 of that year, bounced around that range for several months, then sank below $34 in October 2019. A bad earnings report ...
Got this from GRUB - Down 70%, Is Grubhub Still a Hot Stock?
whytestocks
5 years ago
News: $GRUB SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Grubhub Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / November 23, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Grubhub Inc. ("Grubhub" or "the Company") (NYSE: GRUB ) for violations of securities laws. click ...
Read the whole news GRUB - SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Grubhub Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
Tower of Hanoi
5 years ago
1 million in net income? Is that a mis-print on their website??
Wow, do you guys realize how many high-flyers are just like this one?
Look, I hope it is a mis-print or I'm reading it wrong, please help.
Thanks guys, was looking for a spec trade, this may not be it!
MY OPINION I DO NOT OWN THE STOCK AT THIS TIME.
whytestocks
6 years ago
News: $GRUB Grubhub Releases "State Of The Plate" Report Detailing Top Dining Trends To Date & Forecasts For The Remainder Of 2019
CHICAGO , June 26, 2019 /PRNewswire/ -- The recent solstice marks the start of the summer season, which means we've hit the halfway mark of the year! Grubhub , the nation's leading online and mobile food-ordering and delivery marketplace, today launched its latest report, "St...
Got this from https://marketwirenews.com/news-releases/grubhub-releases-state-of-the-plate-report-detailing-top-dining-trends-to-date-forecasts-for-the-remainder-of-2019-8417718.html