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Just Eat Takeaway - All share bid for Grubhub

August 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With the ink barely dry on the merger between Just Eat and Takeaway.com, the enlarged online food delivery market-place has made an all share bid approach to buy US rival Grubhub for US$7.3bn (£5.8m), sending the shares above £90 for the first time. At a stroke this would create the world’s largest food delivery business with Grubhub shareholders taking a 30% stake in the enlarged group. Coming at a time when demand for home delivered food has sky rocketed due to Covid-19 and also when rival Uber had apparently been in bid talks with Grubhub, this is a bold and transformative deal. We originally tipped Just Eat at 444p in July 16. After Adjusting for Takeaway.com’s offer of 0.12111 shares ...

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Just Eat Takeaway (October 2020)

Just Eat (January 2020)

Just Eat (December 2019)

Just Eat - Bid approach lifts shares (September 2019)

Just Eat - Target price raised 100p to 1150p (May 2019)

Just Eat (March 2019)

Just Eat (October 2018)

Just Eat (May 2018)

Just Eat - Hungryhouse clearance triggers upgrades (December 2017)

Just Eat - Online market place for take away food upgrades forecasts (September 2017)

Just Eat (July 2017)

Just Eat - Jefferies puts out £10 price target (April 2017)

Just Eat - Shares soar to new highs (September 2016)

Just Eat - Online market for takeaway deliveries to grow sales 122% by 2018 (July 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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