AMSTERDAM (Reuters) – European food-ordering firm Just Eat Takeaway.com NV’s (TKWY.AS) proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc (GRUB.N) was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
Just Eat Takeaway shares had closed more than 13% lower at 85.5 euros in Amsterdam on Wednesday, after it disclosed in the late afternoon it was in talks with Grubhub. A proposed deal was announced after the close of trade in New York.
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