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Just Eat Takeaway.com Stock Price Surges on UK Rebranding Move Following Merger

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Updated: 28 July 2020

Shares of Just Eat Takeaway.com NV (AMS: TKWY) today surged 3.3% to trade at a high of €93.70 having closed at €90.70 yesterday after the UK delivery company rebranded following the merger with Takeaway.com in April.

The merger between the UK’s Just Eat and the Dutch Takeaway.com in April this year created one of the largest food delivery companies in the world. The rebranding is part of efforts to integrate the two companies operations across the European markets in which they operate.

Amanda Roche-Kelly, Just Eat Ireland Managing Director said: “We’re really excited about our new look and about what it represents for our 2,600 restaurant partners and our customers.”

She added, “Just Eat is now part of one of the world’s biggest food delivery company, Just Eat Takeaway.com. With the enhanced scale and leading position of the combined group allowing us to support our trade partners while continuing to meet the demand from consumers.

Just Eat Takeaway.com share price

Tradingview chart showing Just Eat Takeaway.com share price 28072020

Just Eat Takeaway.com is in the process of acquiring US food delivery company Grubhub in a deal valued at $7.3 billion, which is expected to close in Q1 2021.