Cat Rock Capital Sends Letter To Just Eat Takeaway.com ("JET") Board Urging Sale Or Spin-Off Of Grubhub By End Of 2021 - NewsBreak

Cat Rock Capital Management LP (together with its affiliates, "Cat Rock Capital"), a long-term oriented investment firm and holder of approximately 13.8 million shares in the capital of Just Eat Takeaway.com NV ("Just Eat Takeaway.com", "JET", or "the Company") (LSE: JET, AMS: TKWY, NASDAQ: GRUB), representing circa 6.5% of Just Eat Takeaway.com's outstanding shares, today sent a letter to the JET Management Board. Cat Rock urges the announcement of a sale or spin-off of Grubhub by 31 December 2021 to refocus JET's business and address the deep and damaging undervaluation of the Company's equity. This letter is included below and is also available at JustEatMustDeliver.com.