BALA CYNWYD, PA / ACCESSWIRE / June 11, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Grubhub Inc. ("Grubhub" or the "Company")(NYSE:GRUB) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to merge with Just Eat Takeaway.com. Under the terms of the agreement, Grubhub shareholders will receive 0.6710 Just Eat Takeaway.com ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share they own.
The investigation concerns whether the Grubhub Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Just Eat Takeaway.com is underpaying for the Company. For example, the deal price is below the 52-week high of $80.25 for Grubhub shares and at least one analyst covering Grubhub has set a target of $95.00 per share.
If you own shares of Grubhub stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, visit http://www.brodskysmith.com/cases/grubhub-inc-nyse-grub/, or call toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC