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infrastructure limited (gvkpil) stock s market trends ✌️【Long-term Investment】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions.

infrastructure limited (gvkpil) stock s market trends ✌️【Long-term Investment】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. Europe’s biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading.

infrastructure limited (gvkpil) stock s market trends ✌️【Long-term Investment】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub sinceas early as 2022, after acquiring it in 2020 in a $7.3 billion deal amid a pandemic-driven boom in delivery services — a process that was hampered by slowing growth, high taxes and a question of fee caps in New York City.

“Just Eat Takeaway is at last putting an end to its disastrous U.S. journey,” Bryan Garnier analyst Clement Genelot said, noting the group had destroyed more than $7 billion in shareholder value there.

Grubhub’s enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement.

Just Eat CEO Jitse Groen had in Februarysaidthe M&A environment was not easy in the U.S., where fee caps cost the group some $100 million per year.

Grubhub and U.S. peers DoorDash and Uber Eats have been in alegal battlewith New York City over a law capping how much they can charge restaurants for delivering meals.

JPMorgan said in a note it had argued for an about $1.2 billion valuation for Grubhub in the past, but the market would view the long-awaited deal as positive even at a lower valuation.

infrastructure limited (gvkpil) stock s market trends ✌️【Long-term Investment】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. The transaction is expected to be completed in the first quarter of 2025, and Just Eat said it would not impact itsfull-year guidanceand that it retains no material liabilities associated with Grubhub.

However, analysts said Just Eat might need to exit other markets as well to close the valuation gap with European peers, naming Australia and Canada as options.

Excluding the U.S., Just Eat operates in 18 countries. It exited New Zealand and France earlier this year.

If the gains hold, Just Eat’s shares will see their biggest daily rise since August 2022, wiping out most of their year-to-day losses that stood at 18.1% at Tuesday’s close.

infrastructure limited (gvkpil) stock s market trends ✌️【Long-term Investment】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Community 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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