On July 27, 2021, Cat Rock Capital Management LP issued a public presentation on recent developments at the Just Eat Takeaway.com NV. Further, Cat Rock stated that, the Company should immediately increase transparency and actively evaluate strategic actions to drive shareholder value. In addition, Cat Rock stated that, the Company has failed to upgrade its communications with investors and the markets since IPO, leaving it deeply undervalued and vulnerable to takeover bids at far below intrinsic value.

Further, Cat Rock stated that, the Company can quickly and materially improve its standing in the capital markets by improving transparency, selling non-core assets, and exploring strategic options to strengthen the business and generate significant shareholder value.