Just Eat Says Grubhub Sale Still Possible as Shares Slide

Shares of Just Eat Takeaway.com N.V. hit an all-time low Wednesday after the pinnacle of its U.S. division mentioned a sale wasn’t a particular end result for the corporate’s Grubhub on-line meals enterprise, which Just Eat is reviewing.

Grubhub Chief Executive Adam DeWitt mentioned at The Wall Street Journal Global Food Forum on Tuesday that firm mother or father Just Eat hopes to discover a strategic companion to spend money on the U.S. on-line ordering firm, and that a sale was possible but not imminent.