Brief: Just Eat Takeaway Sells Grubhub To Wonder For $650 Million

Just Eat Takeaway.com NV

13/11/2024 06:11

Nov 13 (Reuters) - Just Eat Takeaway.com NV  TKWY.AS :
    * SELLS GRUBHUB TO WONDER
    * AMOUNTING TO USD650 MILLION
    * COMPLETION EXPECTED DURING Q1 2025
    * FOLLOWING COMPLETION OF TRANSACTION, JUST EAT TAKEAWAY.COM
WILL
RETAIN NO MATERIAL LIABILITIES ASSOCIATED WITH GRUBHUB
    * GRUBHUB WILL BE TRANSFERRED WITH ITS USD500 MILLION OF
SENIOR
NOTES
    * AFTER CUSTOMARY ADJUSTMENTS, NET PROCEEDS TO COMPANY ARE
EXPECTED TO BE UP TO USD50 MILLION;
    * TRANSACTION DOES NOT IMPACT COMPANY'S GUIDANCE FOR 2024
    * ABOVE ENTERPRISE VALUE REFLECTS COMPANY'S EXPECTATION THAT
NEW
YORK CITY FEE CAPS WILL BE AMENDED IN NEAR TERM

Source text: [https://tinyurl.com/24snoyp3]
Further company coverage:  TKWY.AS 

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