Just Eat boss urged to stop arguing with rivals on Twitter

Just Eat boss urged to stop arguing with rivals on Twitter as his company becomes vulnerable to takeover bids

Just Eat Takeaway boss has been urged to stop arguing with rivals on Twitter as his company becomes vulnerable to takeover bids.

Activity investor Cat Rock Capital, which has a 4.2 percent stake in Just Eat, accused CEO Jitse Groen of a ‘disaster’ in communications.

Row: Activity investor Cat Rock Capital, which has a 4.2 percent stake in Just Eat, accused CEO Jitse Groen of leading a ‘disaster’ in communications

The investor claimed that Just Eat was a “great company” but was now vastly undervalued, making it a potential takeover target.

Groen has accused competitors such as Uber of not paying taxes and having ‘irrational business models’.

Uber boss Dara Khosrowshahi told the Dutch businessman to pay “a little less attention to your short-term share price and more attention to your technology and ops.”

Shares of Just Eat are down 26.7 percent this year.

Cat Rock has urged the company to sell assets to boost its share price and look into mergers.

Cat Rock partner Alex Captain said “response shouldn’t happen on Twitter, but in a credible forum.”

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