Markets

Grubhub rockets 11% on reports of takeover interest from 2 European peers

Grubhub stock surged as much as 11.5% Friday afternoon on reports European peers Just Eat and Delivery Hero are interested in a takeover of the food delivery service. Grubhub is currently fielding multiple offers and considering regulatory risks in its decision, sources told CNBC. The new overseas interest arrives after […]
Grubhub rockets 11% on reports of takeover interest from 2 European peers
Markets

HP board unanimously rejects Xerox’s takeover bid

HP’s board of directors unanimously rejected Xerox’s takeover offer in a Sunday letter, saying the bid “significantly undervalues HP” and isn’t in shareholders’ best interests. HP said it remains open to future transactions, but would first need to explore “achievable synergies” between the firms. Xerox shares fell as much as […]
HP board unanimously rejects Xerox’s takeover bid