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Dec. 12, 2018, 11:34 a.m. EST

Waitr Holdings shares rise after $321.3 million deal to acquire Bite Squad

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By Tonya Garcia

Shares of Waitr Holdings Inc. /zigman2/quotes/201383418/composite WTRH +7.34% rose 5% on Wednesday after the online restaurant ordering and food delivery platform announced a definitive agreement to acquire online food delivery service Bite Squad for $321.3 million in cash and shares. Bite Squad will remain a standalone business "for the foreseeable future," Waitr said in a statement. As of Sept. 30, Waitr had more than 7,700 restaurant partners across 235 cities in the southeastern U.S. Waitr shares are up nearly 19% for the year so far while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.12% is up 0.1% for the period.

/zigman2/quotes/201383418/composite
US : U.S.: Nasdaq
$ 3.59
+0.25 +7.34%
Volume: 5.39M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$394.62 million
Rev. per Employee
$3,149
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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