Grubhub Says It Wants a Breakup Fee if Regulators Stop Uber’s Acquisition Deal
As food delivery service Grubhub (NYSE: GRUB) moves closer to a deal that would sell itself to Uber (NYSE: UBER), sources indicate that the closing might still be threatened by a new demand from Grubhub. While the two companies apparently came close to agreement on the sale price, expressed in terms of Uber stocks per Grubhub stock, talks may have reached an impasse over the latest development.
Though neither company has issued any direct statement on the matter, multiple news outlets reported over the weekend that sources with knowledge of the negotiations told Bloomberg Grubhub wants an agreement for a breakup fee as part of the deal. Uber would pay this fee to the food delivery service if regulators block the acquisition.
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Source Fool.com
