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Grubhub (GRUB) won't comment on 'market rumors'

May 12, 2020 1:27 PM

Grubhub (NASDAQ: GRUB) statement on Uber (NYSE: UBER) rumors: "While our policy remains to not comment on specific market rumors, we want to reiterate our views with respect to M&A-related matters given the current level of recent speculation.

"We remain squarely focused on delivering shareholder value. As we have consistently said, consolidation could make sense in our industry, and, like any responsible company, we are always looking at value-enhancing opportunities. That said, we remain confident in our current strategy and our recent initiatives to support restaurants in this challenging environment."

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