Just Eat Takeaway investors should vote to fire board, says activist shareholder

Cat Rock Capital says Just Eat torpedoed' share price by providing misleading outlook before Grubhub takeover

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.