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Aandeel JUST EAT TAKEAWAY AEX:TKWY.NL, NL0012015705

Laatste koers (eur) Verschil Volume
14,130   +0,120   (+0,86%) Dagrange 13,735 - 14,165 1.882.679   Gem. (3M) 1,8M

Just Eat Takeaway 2024

44.674 Posts
Pagina: «« 1 ... 2030 2031 2032 2033 2034 ... 2234 »» | Laatste | Omlaag ↓
  1. forum rang 4 tmaster 15 november 2024 09:02
    Grubhub founder made $1bn proposals to buy company back from Just Eat Takeaway

    Bron: www.ft.com/content/643ae7a4-aa98-4b77...

    The founder of Grubhub said he twice attempted to buy back the food delivery business from Just Eat Takeaway for more than $1bn, making the revelation days after the Dutch group announced a deal to sell its US subsidiary at a huge loss for just $650mn.

    Matt Maloney, who co-founded Chicago-based Grubhub in 2004, told the Financial Times that he led an effort to buy the US unit around the start of this year and in early 2022, with backing from “internationally known” private equity firms.

    The details of these previous approaches come after JET on Wednesday said it had struck a deal to sell Grubhub for an enterprise value of $650mn to US-based Wonder Group, years after buying it for $7.3bn at the height of the pandemic-driven food delivery boom.

    The announcement marked the culmination of JET’s two-year plan to unwind its 2021 takeover of Grubhub, after it came under shareholder pressure that year to sell assets. In April 2022, JET said it was exploring a full or partial sale of the subsidiary a year after the acquisition, saying at the time it had received unsolicited takeover approaches.

    Maloney, who led Grubhub as chief executive before it was sold to JET, said that both times he issued written proposals for more than $1bn.

    “Both were rejected by JET management. After the second attempt I was told that [JET chief executive] Jitse [Groen] was not interested in selling the company back to me so I stopped trying and no one reached out to me or my financial partners around the time of this deal to inquire if we would beat this offer,” he said.

    Maloney added he was excited for Wonder’s plans for Grubhub and for the company to enter a new chapter.

    Maloney joined the company’s management board following the completion of Grubhub’s acquisition in June 2021 and stepped down that December. A person familiar with the matter said Maloney had minimal contact with the company since his exit.

    JET said in a statement there were “two private equity approaches that had some involvement of Mr Maloney in 2022 and 2023”, adding that “neither were declined by Just Eat Takeaway with the respective firms retracting themselves post due diligence”.

    It said the company, together with its advisers, had “engaged with a large number of interested parties and have entertained all approaches for Grubhub in the past years” and was pleased to have now successfully agreed an acquisition of Grubhub by Wonder.

    Shortly after JET’s acquisition of Grubhub, the company in 2022 wrote down its value by €3bn. Last year, it posted a €4.6bn impairment charge that included writedowns for the subsidiary as well as Just Eat’s merger with Takeaway in 2020. JET in February booked another €1.5bn impairment charge from past acquisitions.

    Under the terms of Wonder’s acquisition of Grubhub, the unit will be transferred with its $500mn of senior notes and is expected to result in net proceeds of up to $50mn after customary adjustments for JET.

    On Wednesday, Groen said the sale would increase JET’s cash generation capabilities and accelerate its growth.

    Shares in the food delivery company rose 20 per cent in morning trading in response to the agreement. However, its market capitalisation is around €3bn as its shares have fallen almost 90 per cent over the past four years.

    Grubhub generated gross transaction value of €8bn, adjusted earnings before interest, taxes, depreciation and amortisation of €94mn and free cash flow before changes in working capital of negative €77mn in the financial year to the end of December 2023.  
  2. Maarten304 15 november 2024 09:14
    quote:

    tmaster schreef op 15 november 2024 09:06:

    Dan moet je ook wel een arrogante l*l zijn om 2x een bod te negeren, terwijl aan de andere kant aandeelhouders al jaren lang willen dat JET grubhub zou verkopen. Hij heeft dus echt wel de mogelijkheden gehad en tegen een meer dan goed bedrag.
    In ieder geval veel meer dan dat de toko nu heeft opgebracht. Zakenmannetje of niet?
  3. forum rang 4 JdH jet realist €10 Nebius $100 15 november 2024 09:17
    quote:

    Hendrik Roo schreef op 15 november 2024 08:23:

    [...]

    Dat is ook de reden dat ze niet hebben geïnvesteerd in Grubhub. Tot invoering van de Feecaps kon Grubhub zichzelf bedruipen. Na invoering niet meer. Met masieve terugloop van marktaandeel en afschrijvingen als resultaat. Doordash en Über zullen / moeten doorgaan met de rechtzaken. JET kan de uitkomst rustig afwachten en daarna een schadeclaim indienen. Het lastigste aspect van schadeclaims is het aantonen van je schade. Voor JET is dat nu vrij eenvoudig. Dat Wonder bereid is om 100 miljoen extra te betalen bij afschaffing van de Feecaps, kan daarbij ook als bruikbare motivatie worden gebruikt. Hoewel het altijd lastig zal blijven welk effect de superieure kwaliteit van Doordash en Über in de terugloop van het marktaandeel van Grubhub hebben, versus het effect van de Feecaps. Links of rechtsom zou hier nog wel eens een toetje voor JET in kunnen zitten.
    Wonder betaalt GEEN 100 miljoen extra bij afschaffing van fee caps…
  4. forum rang 6 Mr Trade 15 november 2024 09:23
    De koers moet nog vele malen hoger om "echt" volume los te peuteren.
    Momenteel is er vrijwel geen aanbod, schieten ze niets mee op.

    Tel daarbij op dat veel call posities gister/ eergisteren nog ver out of the money stonden nu wel waarde hebben, zo zomaar kunnen dat ze opeens stukken moeten gaan leveren waar helemaal geen rekening mee is gehouden.

    Mooi, recht zo die gaat.
44.674 Posts
Pagina: «« 1 ... 2030 2031 2032 2033 2034 ... 2234 »» | Laatste |Omhoog ↑

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