Grab Holdings Limited (GRAB) to Acquire Delivery Hero’s Foodpanda Delivery Business in Taiwan

Grab Holdings Limited (NASDAQ:GRAB) is one of the best strong buy stocks to invest in under $20. Grab Holdings Limited (NASDAQ:GRAB) and Delivery Hero SE announced on March 23 the signing of an agreement for the former to acquire Delivery Hero’s foodpanda delivery business in Taiwan for a cash consideration of US$600 million. Management stated that the transaction is debt-free and cash-free, and will be subject to customary closing adjustments, with the acquisition subject to regulatory approvals and other ...