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GRUBHUB ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of GRUB and Encourages Investors to Contact the Firm

GlobeNewswire

NEW YORK, June 11, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Grubhub Inc. (GRUB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with affiliates of Just Eat Takeaway.com N.V.

Click here to learn more and participate in the action.

On June 10, 2020, Grubhub announced that it had signed an agreement to be acquired by Just Eat Takeaway.com for approximately $7.3 billion. Pursuant to the merger agreement, Grubhub’s stockholders will receive American depository receipts (“ADRs”) representing 0.6710 shares of Just Eat Takeaway.com ordinary shares for each Grubhub share owned. The deal is scheduled to close in the first quarter of 2021.

Bragar Eagel & Squire is concerned that Grubhub’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Grubhub’s stockholders.

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If you own shares of Grubhub and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com