Just Eat Says Grubhub Sale Still Possible as Shares Slide

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Shares of Just Eat Takeaway.com N.V. hit an all-time low Wednesday after the pinnacle of its U.S. division stated a sale wasn’t a particular final result for the corporate’s Grubhub on-line meals enterprise, which Just Eat is reviewing.

Grubhub Chief Executive Adam DeWitt stated at The Wall Street Journal Global Food Forum on Tuesday that firm mum or dad Just Eat hopes to discover a strategic accomplice to spend money on the U.S. on-line ordering firm, and that a sale was possible but not imminent.

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