Just Eat Told to Speed Up, Ditch Assets by U.S. Hedge Fund

(Bloomberg) Just Eat Plc, the U.K. food delivery company, is facing calls by a shareholder to speed up its decision-making and consider the sale of non-core assets. Cat Rock Capital Management LP recommended Just Eat’s board considers selling its minority stake in Brazilian startup iFood, arguing it could generate up to 650 million pounds ($755 million) that could potentially be returned to investors.

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