Just Eat Urged to Seek Merger by Shareholder Cat Rock


Just Eat Urged to Seek Merger by Shareholder Cat RockThe Greenwich, Connecticut-based investment firm sent an open letter to Just Eat’s board of directors saying it made a mistake in appointing Peter Plumb as CEO in 2017. “You basically have a situation where you can get a world-class CEO and delivery capabilities, while also potentially securing a premium valuation for shareholders,” Alex Captain, founder of Cat Rock, said in a phone interview. Plumb stepped down last month, and Cat Rock said Just Eat has ignored two suggestions of potential replacements who have experience in online food delivery.



Tags: Science, Greenwich Connecticut, Peter Plumb, Alex Captain founder of Cat Rock, Cat Rock

Source:  https://finance.yahoo.com/news/just-eat-urged-seek-merger-102216040.html