Cat Rock Capital Sends Letter to Just Eat Takeaway.com ("JET") Board Urging Sale or Spin-Off of Grubhub by End of 2021
JET Management Has Failed to Fix Deep and Damaging Undervaluation of Equity
JET Stock Price Embeds Significant Negative Value for Grubhub Despite $10 billion of GMV
Cat Rock Urges Immediate Action to Unlock Grubhub Value via Sale or Spin-Off
Cat Rock Capital Management LP (together with its affiliates, "Cat Rock Capital"), a long-term oriented investment firm and holder of approximately 13.8 million shares in the capital of Just Eat Takeaway.com NV ("Just Eat Takeaway.com", "JET", or "the Company") ((LSE: JET, AMS: TKWY, NASDAQ:GRUB), representing circa 6.5% of Just Eat Takeaway.com's outstanding shares, today sent a letter to the JET Management Board. Cat Rock urges the announcement of