January 9, 2020 / 11:57 PM / 8 days ago

Grubhub denies reports of sale process

(Reuters) - Online food delivery company Grubhub Inc (GRUB.N) said on Thursday there is no sale process, denying reports that it is considering strategic options that include a possible sale or an acquisition.

“We felt it was important to clarify that there is unequivocally no process in place to sell the company and there are currently no plans to do so,” a Grubhub spokesperson said, in am emailed statement to Reuters.

Shares of the company fell 6.7% to $52.02 in extended trading.

(This story corrects share move in paragraph 3)

Reporting by Shanti S Nair in Bengaluru, Editing by Sherry Jacob-Phillips

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