#Grubhub rises 7 percent on news of European suitors

Grubhub rises 7 percent on news of European suitors

June 5, 2020 | 3:11pm | Updated June 5, 2020 | 3:47pm

Grubhub has received interest from at least two European companies, Delivery Hero and Just Eat, as potential acquirers, CNBC reported on Friday, citing people familiar with the matter.

The news sent shares of Gruhub, which owns food delivery app Seamless, up 7.4 percent, to $61.76, in afternoon trading.

Ride-hailing firm Uber in May approached the online food delivery company for an all-stock deal.

Grubhub and Delivery Hero did not immediately respond to Reuters’ request for comment, while Just Eat declined to comment.


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