NEW YORK, June 10, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Grubhub Inc. (NYSE: GRUB) to Just Eat Takeaway.com N.V. is fair to Grubhub shareholders. On behalf of Grubhub shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Under the terms of the proposed transaction, Grubhub shareholders will receive American depositary receipts ("ADRs") representing 0.6710 Just Eat Takeaway.com ordinary shares for each Grubhub share. The investigation concerns whether Grubhub and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Grubhub shareholders; (2) determine whether Just Eat is underpaying for Grubhub; and (3) disclose all material information necessary for Grubhub shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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