Uber approaches GrubHub with takeover offer: source

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(Reuters) – Uber Technologies Inc (UBER.N) is in advanced talks to buy online food delivery company GrubHub Inc (GRUB.N) in an all-stock deal, according to a person familiar with the matter.

FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration

The two companies could reach an agreement as soon as this month, Bloomberg News reported earlier on Tuesday, citing people familiar with the matter. (bloom.bg/2LoVtoS)

Shares of GrubHub jumped about 29% to $60.50, while those of Uber rose 6%.

GrubHub had a

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RenaissanceRe lining up massive capital raise

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A whopping 5.5 million of RenaissanceRe Holdings Ltd’s common shares are up for grabs in an underwritten public offering.

The global (re)insurance provider – which has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the UK, and the US – has commenced the offering, with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acting as joint book-running managers and representatives of the underwriters for the massive equity issue.

In its announcement, RenaissanceRe also said: “State Farm Mutual Automobile Insurance Company, which currently owns approximately 4.4% of RenaissanceRe’s total common shares outstanding, has entered into an investment agreement to

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NetApp, Williams-Sonoma, Box & more

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Bloomberg | Bloomberg | Getty Images

Check out the companies making headlines after the bell

NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected profit and sales to decline from last year, with the average analyst estimating adjusted earnings of 41 cents a share, according to Refinitiv surveys.

Box — Box shares popped 7% after the end of the regular session after the company raised its

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Pfizer, F5 Networks, Virgin Galactic and more

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GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City.

JOHANNES EISELE | AFP | Getty Images

Check out the companies making headlines after the bell

F5 Networks — Shares of the technology company fell 4% in extended trading after F5 Networks released its third-quarter financial results. The company posted a double beat on earnings and revenue in the third quarter, reporting earnings of $2.18 per share excluding some items on revenues of $583 million.

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