Grubhub Finds A New Buyer
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 June 2020
⏱️ 18 minutes
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Summary
That Uber/Grubhub deal? It’s off now that Grubhub has accepted an all-stock offering from European delivery company Just Eat Takeaway.com. Dan Kline analyzes the move, as well as Simon Property Group’s deal-terminating letter to Taubman Centers. Plus, we discuss Jay Powell’s comments about economic recovery and whether Major League Baseball will return this year.
Transcript
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| 0:00.0 | It's Thursday, June 11th. |
| 0:04.0 | Welcome to Market Foolery. I'm Chris Hill. |
| 0:06.0 | Joining me once again, it's Dan Klein. |
| 0:09.0 | Good to see you, my friend. |
| 0:10.0 | Oh, very nice to see you. |
| 0:11.0 | It's Palandrum Week here on Market Foolery. |
| 0:15.2 | We start the week with Dan Klein, |
| 0:17.3 | we've got some Jason Moser in the middle, |
| 0:19.3 | and we end the week with Dan Klein. We are going to be talking about, when I think about our stories today, |
| 0:26.2 | it's almost like our version of Deal or no deal. We've got some mergers and acquisitions |
| 0:31.7 | or lack thereof to get to. |
| 0:34.0 | I would have bought a briefcase with me. |
| 0:37.0 | That absolutely would have been a fun way to do it. |
| 0:39.0 | I don't actually own a briefcase, but I could have gone out to get one. We're going to start with the market in general because you know as you and I are recording this around lunchtime |
| 0:49.3 | S&P 500 down more than 3% and you know this is one of those situations where you get a |
| 0:56.5 | combination of things going on part of it if on the health front is a rise in |
| 1:02.2 | COVID cases in some states west in the Mississippi. |
| 1:07.0 | But I have to believe part of this is Jay Powell, |
| 1:11.0 | the chairman of the Federal Reserve, the press conference he gave late on Wednesday, |
| 1:16.0 | where he basically said in terms of the economy, this is going to take a while, |
| 1:21.0 | and maybe I shouldn't be confused by this Dan but I'm a little |
| 1:27.7 | confused why there are some people on Wall Street who are astonished by this at least when you look at the way the market is |
... |
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