Just Eat says Grubhub sale still possible as shares slide

Shares of Just eat-to-go.com NV hit an all-time low on Wednesday after the head of its U.S. division said a sale was not a definite outcome for the company’s Grubhub online food business, which Just Eat is reviewing.

Managing Director of Grubhub Adam DeWitt told the Wall Street Journal Global Food Forum on Tuesday that parent company Just Eat hopes to find a strategic partner to invest in the US online ordering company, and that a sale was possible but not imminent.


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