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Cat Rock Capital Said to Boost Stake in Just Eat Takeaway

  • Investor purchases new shares to take ownership to around 6.9%
  • JET has faced calls to sell or spin off Grubhub as shares fall
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Photographer: Hollie Adams/Bloomberg
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A prominent activist investor in Just Eat Takeaway.com NV has increased the size of its stake as the food delivery company’s shares continue to fall.

Cat Rock Capital Management LP has upped its stake to about 14.7 million shares, currently worth 672.7 million euros ($760 million) according to a person familiar with the matter, who asked for anonymity because the information is private. That’s equivalent to about 6.9% of shares, according to data compiled by Bloomberg, up from ownership percentage of 6.5% and 14 million previously disclosed.