Uber makes takeover bid for Delivery Hero following leadership shakeup
Uber has made a takeover bid for Delivery Hero, offering 33 euros per share. This bid comes after Delivery Hero's CEO announced his resignation amid pressure from shareholders. The offer values Delivery Hero at approximately 1.7 billion euros, making Uber its largest shareholder.
- ▪Uber's takeover offer for Delivery Hero is valued at 33 euros per share.
- ▪The bid represents a discount of about 1.76 percent from Delivery Hero's last closing price.
- ▪Delivery Hero's CEO recently announced his resignation following shareholder pressure.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGerman food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros (US$38.29) per share, it said in a statement on Saturday.The offer represents a discount of about 1.76 per cent from Delivery Hero’s last close on Friday, according to LSEG data. Delivery Hero said last week its U.S. rival had increased its holding to about 19.5 per cent of issued capital from roughly 7 per cent, becoming its largest shareholder.
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