NautaDutilh advises Grubhub on its combination with Just Eat Takeaway.com
On 10 June 2020, Netherlands-based Just Eat Takeaway.com N.V. and US-based Grubhub Inc. entered into a merger agreement providing for the combination of their businesses. The combination leads to the creation of the world's largest online food delivery company outside of China.
The transaction is structured as a merger, with Grubhub shareholders receiving (American Depositary Receipts (ADRs) representing) Just Eat Takeaway.com shares in exchange for their Grubhub shares. The ADRs will be listed in the US. The merger consideration implies an equity value of approximately USD 7.3 billion. The transaction is subject to the satisfaction of customary closing conditions. More information is available here.
NautaDutilh's team advising Grubhub was led by Stefan Wissing and further consisted of Paul van der Bijl, Jos Somers, Petra Zijp, Dirk Panis, Chris Warner and Nina Kielman.