Delistings from the London Stock Exchange (LSE) are routinely described as a "blow", but some hits are painless. The departure of Just Eat Takeaway is one. The delivery firm's life in London will mainly be remembered for a horribly timed and hubristic acquisition that impoverished the poor old shareholders.
The only charitable spin to put on the $7.3bn purchase of Grubhub, a US business, in 2021 is that Just Eat's directors, led by Jitse Groen, the chief executive, must have been suffering a collective case of lockdown fever. Swayed by the boom in demand for takeaways during the Covid pandemic, they grabbed Grubhub at a takeover premium of 40%, even though no easy cost savings were available. Last week Grubhub was sold for a mere $650m.
この記事は The Guardian の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Guardian の November 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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