Just Eat Takeaway’s largest independent shareholder has said investors should vote to fire the takeaway food website’s supervisory board and chief financial officer amid a steady decline in its market value.
Cat Rock Capital, a Connecticut-based activist investor, said in an open letter published on Monday that Just Eat had “torpedoed the company’s share price by providing a misleading outlook” before its $7.3bn (£5.7bn) takeover of rival Grubhub in a deal struck in 2020.
