AMSTERDAM (Reuters) - European food-ordering firm Just Eat Takeaway.com NV's (AS:TKWY) proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc (N:GRUB) was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
Just Eat Takeaway shares had closed more than 13% lower at 85.5 euros in Amsterdam on Wednesday, after it disclosed in the late afternoon it was in talks with Grubhub. A proposed deal was announced after the close of trade in New York.