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Just Eat Stock Price Surges on UK Rebranding Move Following Merger

Updated: 22 Mar 2021

Shares of Just Eat 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 in April.

The merger between the UK’s Just Eat and the Dutch 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 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 share price

Tradingview chart showing Just Eat share price 28072020

Just Eat 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.

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