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. To the extent holdings of Grubhub securities by directors or executive officers of Grubhub have changed since the amounts contained in the definitive proxy statement for Grubhubs 2021 Annual Meeting of Stockholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. 3 On a fully diluted basis. Get to know us About Grubhub; About Just Eat Takeaway.com; Careers; Investor relations; Media relations; Community relations; Contact us; Useful links Order now; Gift cards; Grubhub+; Grubhub Guarantee; 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; the ability to obtain approval by Grubhub stockholders on the expected schedule or at all; 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. This announcement is not intended to provide the sole basis for evaluation of, and does not purport to contain all information that may be required with respect to, any potential investment in the Company. Cision Distribution 888-776-0942 (2) Number of customers as per JET Capital Markets Day presentation dated 21 October 2021; sales represent 3Q21 annualized Gross Transaction Value as per JET Q3 2021 trading update. Both, of us have a firm belief that only businesses with high-quality and profitable growth will, sustain in our sector. The Company also confirms that, as described in the prospectus published by the Company on 12 May 2021 (the "Prospectus"), the admission of 62,798,005 New Just Eat Takeaway.com Shares to the premium listing segment of the UK Official List and to trading on the London Stock Exchange's main market for listed securities took place at 8:00 am BST / 9.00 am CET, 15 June 2021 and that the admission of 62,798,005 New Just Eat Takeaway.com Shares to listing and trading on Euronext Amsterdam also took place at 8:00 am BST / 9.00 am CET, 15 June 2021. The presentation is available for download at JustEatMustDeliver.com. The company bought the U.S. food delivery platform for $7.3 billion barely a year ago. 2023 CNBC LLC. (Photo by Noam Galai/Getty Images). "We believe Just Eat Takeaway.com should act expeditiously to refocus its business on Europe . GrubHub (GRUB) Investor Presentation - Slideshow - Seeking Alpha 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. +1 (203) 992-4630 We look forward to welcoming Matt and his team to our, company and working with them in the future., Jitse Groen, founder of Just Eat Takeaway.com, known Jitse since 2007 and his story is much like mine. No representation, assurance or guarantee is made that the occurrence of the events expressed or implied in any forward-looking statement will come to pass, in whole or in part, and none of Just Eat Takeaway.com, Grubhub, BofA Securities, Goldman Sachs International, nor any of the foregoing persons' affiliates or their respective directors, officers, employees, agents and/or advisers accept any responsibility for such forward-looking statements. It's not the only food delivery firm having a hard time in the stock market lately. 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. Cat Rock Capital today published a presentation on the strategic value of Grubhub and its implications for Just Eat Takeaway.com. Posts navigation. 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 Grubhub's and Just Eat Takeaway.com's filings with the SEC, including Grubhub's Annual Report on Form 10-K filed with the SEC on 1 March 2021, Grubhub's Quarterly Reports on Form 10-Q and any further disclosures Grubhub makes in Current Reports on Form 8-K, and Just Eat Takeaway.com's registration statement on Form F-4, which was declared effective by the SEC on 12 May 2021, and Current Reports on Form 6-K. Grubhub's SEC filings are available electronically on Grubhub's investor website at https://investors.grubhub.com and Grubhub's and Just Eat Takeaway.com's SEC filings are available electronically on the SEC's website at https://www.sec.gov. . This announcement, and its content, distribution and use, is subject to the terms specified at www.JustEatMustDeliver.com. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. We also observed a continued, steady recovery in our largest market, New York City, said Adam DeWitt, Grubhub president and CFO. Please. It is humbling to run such a company after our start in Holland more than twenty years ago. 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. Opinions expressed by Forbes Contributors are their own. 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. "As such, management is currently, together with its advisers, actively exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub.". 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 deal is expected to close June 15, and will create one of the largest food delivery companies in the world. Just Eat has agreed to buy U.S. peer Grubhub in an all-stock deal that will create the world's largest food delivery company outside China. The firm said growth in the second quarter of the year will "remain challenging.". Rafael Henrique | Sopa Images | Lightrocket | Getty Images. However it is the US business, through its acquisition of Grubhub, that has garnered the most scrutiny from investors. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. info@catrockcap.com Grubhub needs to go and dragging down new owner: investor Thanks, SA Transcripts Team. Netflix on Tuesday reported a drop in subscribers in the first quarter, marking the first time it has lost paid users since October 2011. 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. 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. Forward-Looking Statements We thank our stockholders for their continued support and look forward to working with Just Eat Takeaway.com to complete this transaction.. Daily Average Grubs (DAGs): 745,700, a 44% year-over-year increase from 516,300 DAGs in the first quarter of 2020. Grubhub Inc. 2018 Annual Meeting of Stockholders. Nothing in this announcement should be relied upon as a promise or representation as to the future. JET should adapt its strategy to the changes that have occurred in the 17 months since announcing the Grubhub deal, which have increased the strategic value of same-day logistics platforms and expanded the addressable market for online food delivery. 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. These statements reflect our current views with respect to future events, are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages. This communication contains forward-looking statements regarding Grubhub, Just Eat Takeaway.com or their respective managements 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.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. 56,521,111 outstanding shares of Grubhub common stock voted at the Grubhub special meeting,and of the shares voted,approximately99.98%were votedin favor of the adoption of the merger agreement between Grubhub and Just Eat Takeaway.com. We believe our robust hybrid marketplace model is well positioned as we transition to a post-COVID environment.. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Cravath, Swaine & Moore LLP, De Brauw Blackstone Westbroek N.V. and Slaughter and May are retained as legal advisers to Just Eat Takeaway.com. This presentation has been prepared by Just Eat Takeaway.com N.V. ("Just Eat Takeaway. The Cat Rock presentation and past releases are available at JustEatMustDeliver.com. For more information, please visit the Company's corporate website: https://www.justeattakeaway.com/, Additional information on https://justeattakeaway.com. The purpose of this profile is to allow us to share with our readers new transcript-related developments. June 10, 2020. . We could not be, 1 In the form of Just Eat Takeaway.com ADRs. View original content to download multimedia:http://www.prnewswire.com/news-releases/grubhub-stockholders-approve-transaction-with-just-eat-takeawaycom-301310172.html, http://www.prnewswire.com/news-releases/grubhub-stockholders-approve-transaction-with-just-eat-takeawaycom-301310172.html. "We strongly support Just Eat Takeaway.com's acquisition of Grubhub for three reasons: Growth: Just Eat Takeaway.com increases its addressable market by ~100%, adding to the Company's . Today, Grubhub has over 32 million customers generating ~$10 billion of sales,(2) a partner base of over 300,000 restaurants,(3) and a logistics network consisting of ~200,000 couriers delivering ~$7 billion of food across over 4,000 cities.(4). Grubhub is a part of Just Eat Takeaway.com, a leading global online food delivery marketplace, and features more than 365,000 restaurant partners in over 4,000 U.S. cities. 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. Media Contact No Offer or Solicitation "Our priority for 2022 lies in enhancing profitability and strengthening our business," Groen said in a statement. AMSTERDAM, June 15, 2021 /PRNewswire/ -- The Transaction represents Just Eat Takeaway.com's entry into online food delivery in the United States and builds on the strategic rationale for the. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. The following slide deck was published by GrubHub, Inc. in conjunction with this event. That's the level of dedication behind Just Egg, the hallmark product of Tetrick's $1.2 billion startup Eat Just. The JET Supervisory Board will expand from 5 members to 7, Headquartered and domiciled in Amsterdam, the Netherlands. Just Eat CEO says Grubhub will be part of US delivery - Reuters 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. Cat Rock Capital Management LP and certain of its affiliates and controlling persons (collectively, Cat Rock Capital), is publishing this announcement solely for the information of other shareholders in Just Eat Takeaway.com NV (Just Eat Takeaway.com). 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. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages. Just Eat Takeaway.com N.V. (AMS: TKWY, LSE: JET, NASDAQ: GRUB), hereafter the "Company" or "Just Eat Takeaway.com", and Grubhub Inc. (NYSE: GRUB) ("Grubhub") are pleased to announce the completion of the Company's acquisition of 100% of the shares of Grubhub in an all-share combination (the "Transaction"). 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. Net (Loss): $(75.5) million, or $(0.81) per diluted share, a decrease from $(33.4) million, or $(0.36) per diluted share, in the first quarter of 2020. Same-day delivery is the future of e-commerce globally. Except as required by law, none of Grubhub, Just Eat Takeaway.com, BofA Securities or Goldman Sachs International assume any obligation to update these forward-looking statements or this release, or to update, supplement or correct the information set forth in this release 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. In its latest trading update for the first quarter of 2022, Just Eat reported a slight downtick in order volumes, more so in its North American business. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Just Eat Expects Grubhub to Be Part of U.S. Consolidation Any historical financial information, projections, estimates, forecasts, targets, prospects or returns contained herein are not necessarily a reliable indicator of future performance. The final voting results will be publicly filed with the Securities and Exchange Commission on a Form 8-K. We are pleased that Grubhub stockholders overwhelmingly supported the recommendation of Grubhubs board of directors on the pending combination with Just Eat Takeaway.com and voted in favor of the transaction, said MattMaloney, Grubhubs founder and chief executive officer. These and other risks, uncertainties, assumptions and other factors may be amplified or made more uncertain by the COVID-19 pandemic, which has caused significant economic uncertainty. As a result of the Transaction, it is expected that Matt Maloney's appointment to the Just Eat Takeaway.com management board, and the appointments of Lloyd Frink and David Fisher to the Just Eat Takeaway.com supervisory board, will become effective shortly after completion, subject only to receiving from each of them formal confirmation that they accept their respective appointments. Grubhub, Just Eat Takeaway.com and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed merger under the rules of the SEC. CHICAGO, April 28, 2021 /PRNewswire/ Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2021 and also posted a letter to shareholders on its investor relations website. Our team continued its strong execution in the first quarter easily hitting records for all of our key business metrics, said Matt Maloney, Grubhub founder and CEO. Supported by Just Eat Takeaway.com, we intend to, accelerate our mission to be the fastest, best and most rewarding way to order food from, your favourite local restaurants in North America and around the world. Grubhub Stockholders Approve Transaction with Just Eat Takeaway.com En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. 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. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed merger when they become available. By Joe Guszkowski on Jun. No Offer or Solicitation Key Points Just Eat Takeaway.com said Wednesday it is considering a full or partial sale of Grubhub. CBalbirnie@keplercomms.com. Bank of America Europe DAC, Amsterdam Branch (together with Merrill Lynch International, "BofA Securities"), a subsidiary of Bank of America Corporation, is acting as financial adviser exclusively for Just Eat Takeaway.com in connection with the Transaction and for no one else and will not be responsible to anyone other than Just Eat Takeaway.com for providing the protections afforded to its clients or for providing advice in connection with the Transaction. AMSTERDAM , June 15, 2021 /PRNewswire/ -- The Transaction represents Just Eat Takeaway.com's entry into online food delivery in the United States and builds on the strategic rationale for the Company's merger with Just Eat plc. as various players combine to optimize the last mile," Jitse Groen told investors in a livestreamed presentation . As a result, Grubhub Stockholders have received New Just Eat Takeaway.com ADSs representing approximately 30% of the Company's issued share capital as of completion of the Transaction. Cat Rock Capital Releases Presentation on Grubhub and Just Eat Takeaway.com We define Adjusted EBITDA as net income (loss) adjusted to exclude merger, acquisition, restructuring and certain legal costs, income taxes, net interest expense, depreciation and amortization and stock-based compensation expense. Private Securities Litigation Reform Act of 1995. 28, 2018 2:04 PM ET Just Eat plc (JSTTY), JSTLF. AMSTERDAM, Oct 21 (Reuters) - The chief executive of Just Eat Takeaway.com said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market . On Monday, Cat Rock Capital Management sent a letter to the board of Just Eat Takeaway.com the Netherlands-based company that bought Grubhub in June telling the conglomerate that. Just Eat Takeaway confirms it's gobbling up Grubhub in a $7.3B deal Merrill Lynch International, which is authorised by the Prudential Regulation Authority (the "PRA") and regulated by the FCA and the PRA in the United Kingdom, is acting as sponsor exclusively for Just Eat Takeaway.com in connection with the Transaction and for no one else and will not be responsible to anyone other than Just Eat Takeaway.com for providing the protections afforded to clients of Merrill Lynch International or for providing advice in connection with the Transaction. Grubhub Takes a Look at How Students Ate During the 2022-2023 School Year. Goldman Sachs International, which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting exclusively as financial adviser for Just Eat Takeaway.com and no one else in connection the Transaction and will not be responsible to anyone other than Just Eat Takeaway.com for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in connection with the Transaction. Cat Rock owns about 6.5% of the company. 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. The following slide deck was published by JUST . Our views on JETs strategy reflect our enthusiasm for the Companys long-term prospects and value assuming focused execution and pragmatic strategic action. Just Eat Takeaway.com completed its acquisition of the U.S. food ordering platform for $7.3 billion barely a year ago, pipping Uber and Germany's Delivery Hero to a deal after a heated takeover battle. We provide drivers flexible opportunities to work and earn. Log In Help Join The Motley Fool. This announcement does not consider the investment objective, financial situation, suitability or the particular need or circumstances of any specific individual who may access or review this announcement and may not be taken as advice on the merits of any investment decision. Grubhub generates 52% revenue growth in the first quarter. News provided by. started it all will mean that two trailblazing start-ups have become a clear global leader. The plant-based egg substitute is made from mung beans, comes in a squirt . Order growth accelerated in the high-single digits compared to the fourth quarter of 2020, even when normalizing for the initial COVID-related deceleration in the second half of March 2020. Grubhub Inc. Q2 2018 Earnings Call. (1) According to CRC calculations; sales figure based on 2021 estimated online sales as per eMarketer (April 2021) and estimated addressable offline sales as per Morgan Stanley report, Why Amazon Same-Day May Be Coming, and the On-Demand Battle is Set to Begin, 2 June 2021; growth rate based on CRC estimated growth in same-day delivery sales; same-day delivery sales include estimated sales for Amazon Restaurants, Caviar, DoorDash, Eat24, Grubhub, Postmates, Uber Eats, Waitr, Yelp, Amazon Fresh, Fresh Direct, Instacart, Kroger, Prime Now, Shipt (Target), Walmart Grocery, Whole Foods Prime, GoPuff; DoorDash sales based on reported Marketplace GOV, as per Company filings and Visible Alpha consensus (for 2021 estimate); Grubhub sales based on reported Gross Transaction Value, as per Company filings and Visible Alpha consensus (for 2021); Gopuff sales according to The Information, Gopuff Revenue Triples, but Growing Competition to Test Expansion, 26 April 2021; other company sales based on sales estimates from YipitData; Amazon and Walmart sales include all online grocery deliveries, whether they be same-day deliveries or not, but exclude general merchandise items delivered same-day. (4) Number of couriers based on CRC estimate; food value based on Gross Transaction Value and logistics mix as per JET Q3 2021 trading update; number of cities as per JET June 2021 investor presentation. Just Eat Takeaway.com mainly collaborates with delivery restaurants, but also provides its proprietary restaurant delivery services for restaurants that do not deliver themselves. A significant investor in Just Eat is calling for it to spin power Grubhub as the company struggles with commercial. Cat Rock Capital Releases Presentation on Grubhub and Just Eat Takeaway AMSTERDAM, June 15, 2021 /PRNewswire/ -- The Transaction represents Just Eat Takeaway.com's entry into online food delivery in the United States and builds on the strategic rationale for the Company's merger with Just Eat plc.
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