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Just Eat shareholder urges board to seek merger
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Just Eat PLC (JE.LN) shareholder Cat Rock Capital Management LP has expressed concerns over recent executive appointments and urged Just Eat to seek a merger. Cat Rock, which owns 13.0 million shares equaling around a 1.9% stake in the U.K. online food-delivery platform, said in in an open letter sent Monday to the company's board that a merger with a "well-run" industry peer would be a better outcome for shareholders than relying on the board to choose a new chief executive.