T. Rowe Price Buys Into GrubHub Seamless

Law360, New York (August 20, 2013, 3:48 PM EDT) -- Units of T. Rowe Price swallowed up a stake in the fast-growing mobile and online food-ordering company GrubHub Seamless, the venture-backed company said Tuesday, a move that adds another Web favorite to the Baltimore investment firm's portfolio.

Financial terms of the deal were not disclosed. The parties also stayed mum on how large a stake T. Rowe Price took through a private secondary sale, which turned over shares previously owned by unnamed early investors who pared down their stakes after rivals GrubHub and Seamless merged earlier...
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