GRUB - GRUB STOCK NEWS

Adyen (AMS:ADYEN) announced a partnership with Just Eat Takeaway.com to implement the Takeaway Pay Card, allowing pre-funded cards for employees' meal expenses. Initially rolling out in Europe, the card can be used offline at participating restaurants, simplifying expense management for employees during business activities. Adyen's Issuing solution enhances control over corporate expenses, delivering real-time payment confirmations and flexibility. This collaboration highlights Adyen's continued growth in serving major clients like Just Eat Takeaway.com.

Olo (NYSE: OLO) has announced a partnership with Grubhub (NASDAQ: GRUB) to integrate digital orders into the POS of thousands of restaurants using Olo Rails. This integration aims to enhance order accuracy, streamline workflows, and eliminate the need for multiple digital tablets in kitchens. The collaboration comes amid a surge in digital and delivery orders, aiming to improve operational efficiency and financial performance for restaurants. Grubhub's VP stated that the integration will provide a reliable ordering process for restaurant staff and enhance the dining experience for customers.

Grubhub announced its first major sports partnership, becoming the official food delivery partner for the 2021 Concacaf Gold Cup. This partnership will include in-stadium signage, content integrations, and promotion of the Grubhub Guarantee feature, which offers on-time delivery and competitive pricing. The Gold Cup, featuring 16 national teams, takes place from July 10 to August 1, 2021, across major U.S. cities. The collaboration aims to tap into the soccer fanbase's diversity and enthusiasm while increasing Grubhub’s visibility and reach.

Grubhub has launched the Grubhub Guarantee, ensuring diners receive on-time deliveries and the lowest prices compared to competitors. If these conditions are not met, diners receive Grubhub Perks for their next order. This initiative was based on consumer feedback highlighting the importance of timely delivery. The Grubhub Guarantee complements the recently introduced Grubhub Direct, a commission-free platform for restaurants. The launch features a national marketing campaign with endorsements from notable athletes, reaffirming Grubhub's commitment to supporting restaurants and enhancing diner experiences.

Just Eat Takeaway.com has completed the acquisition of Grubhub, marking its foray into the U.S. online food delivery market. This strategic move builds on the company's previous merger with Just Eat plc, focusing on four key markets: the United States, the United Kingdom, the Netherlands, and Germany. Grubhub stockholders received New Just Eat Takeaway.com ADSs, representing approximately 30% of total issued share capital. Following the acquisition, Grubhub's common stock was delisted from the NYSE, with the new ADSs beginning to trade on Nasdaq under the ticker symbol 'GRUB'.

Grubhub has launched the "We Serve Restaurants" initiative, reaffirming its commitment to support restaurants as they recover post-pandemic. This program emphasizes enhancing diner relationships through digital tools and aims to help small and independent restaurants grow. It features a national marketing campaign, including a heartfelt television spot showcasing the effort involved in food preparation. The initiative introduces Grubhub Direct, a platform for commission-free ordering, and the Restaurant Stronger grant program. Grubhub aims to prioritize restaurants' needs with upcoming product updates.

Grubhub's stockholders have approved the acquisition by Just Eat Takeaway.com in an all-stock transaction, creating a major player in the online food delivery market. Out of 56,521,111 shares voted, approximately 99.98% supported the merger. The final results will be filed with the SEC. Matt Maloney, CEO of Grubhub, expressed gratitude to stockholders and optimism about the transaction. The deal is expected to close on June 15, 2021, pending customary conditions. Grubhub operates a vast network of restaurants and serves 33 million active diners across the U.S.

On May 25, 2021, Grubhub announced the Restaurant Stronger program, providing $5,000 grants to independent restaurants to support their reopening post-pandemic. This initiative stems from a $2 million donation from the Grubhub Community Relief Fund, aimed at helping restaurants cover costs like staff hiring and inventory. Grant applications are open from May 25 to June 5, with distributions by June 11. This program follows a previous donation that assisted nearly 200 restaurants. With over 33 million active diners, Grubhub continues to support the restaurant industry amidst ongoing challenges.

Grubhub Inc. (NYSE: GRUB) announced the filing of a definitive proxy statement with the U.S. SEC regarding its acquisition by Just Eat Takeaway.com. The transaction, expected to close by the end of Q2 2021, aims to create a leading global food delivery company. A special meeting for Grubhub stockholders will occur on June 10, 2021, to vote on the merger. The merger benefits include enhanced scale, access to attractive markets, and improved strategic investment flexibility. Grubhub's board recommends stockholders vote in favor of the proposal.