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Just East pressured by activist fund Cat Rock to pursue merger with peer

( February 11, 2019, 14:58 GMT | Official Statement) -- MLex summary: US hedge fund Cat Rock Capital has sent a letter to the board of directors of UK-based food delivery company Just Eat, calling on them to engage in merger discussions with an industry peer. In the letter, Cat Rock argued that a merger could make Just Eat "more formidable as it competes to secure its market position against Uber, Deliveroo, and others." Cat Rock, which owns about 2 percent of Just Eat's outstanding shares, disclosed its investment on Dec. 17, at the time calling for the food delivery company to consider a sale of its Brazilian subsidiary.See document below....

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