Just Eat Takeaway to delist shares from Nasdaq -Breaking
[ad_1]
© Reuters. FILE PHOTO – A Just Eat deliveryman rides his bike in Nice during the COVID-19 outbreak in France on February 16, 2021. REUTERS/Eric GaillardAMSTERDAM (Reuters), – Just Eat Takeaway, a meal-delivery company on Tuesday announced it would remove its shares from Nasdaq’s stock exchange to cut costs and reduce regulatory burdens.
The shares of this Amsterdam-based firm are still listed on both the London and Amsterdam stock exchanges.
“Main considerations for the voluntarily delisting are the low trading volumes on Nasdaq and the low proportion of the company’s total share capital held on Nasdaq”, Just Eat Takeaway said.
Takeaway bought Grubhub, a U.S.-based delivery company for $7.3 billion in June 2013.
Investors have been urging it to close its operations including Grubhub to cut operating losses. This is because the COVID-19-related boost has started to fade.
Amsterdam’s early trading on Tuesday saw Takeaway Shares fall 2%. This was the second worst performer of the blue-chip AEX-index.
The shares are worth 41.26 euro and have suffered a 15% loss in value since 2022. They also remain far lower than their October 2020 high of 109 euros.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]