M&A · Industrials · Services-Business Services, NEC
Just Eat Takeaway.com N.V. to acquire GrubHub Inc.
Announced Jun 10, 2020 · Closed Jun 15, 2021
Deal value$7.30BEV $7.42B
Premium30.0%To unaffected price
EV / Adj. EBITDA—5.5x EV / Revenue
ConsiderationAll stock
Transaction
- Acquirer
- Just Eat Takeaway.com N.V.
- Target
- GrubHub Inc.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $7.42B
- Status
- Closed Jun 15, 2021
Deal protections
- Break fee (target pays)
- $144M · 2.0%
- Reverse fee (buyer pays)
- $144M · 2.0%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Evercore
- Evercore fee
- $46.0M
Classification
- Sector
- Industrials
- Industry
- Services-Business Services, NEC
Timeline
- AnnouncedJun 10, 2020
- Proxy filedApr 27, 2021
- Definitive proxyMay 12, 2021
- Shareholder voteJun 10, 2021
- ClosedJun 15, 2021
Valuation · fairness opinions
Premiums paid$53.81$58.49
Implied value per GrubHub Inc. share by analysis, from Evercore · DCF discount rate 9%–11%.