Uber Offers to Acquire Delivery Hero at €33 per Share
Delivery Hero confirmed receipt of a takeover bid from Uber. The offer values the Berlin-based food delivery company at €33 per share and follows an increase in Uber's stake to 19.5%.
Delivery Hero SE confirmed on Saturday that it received a full takeover offer from Uber Technologies Inc. 29) per share. 76% discount to Delivery Hero's most recent closing price, according to LSEG data.
5% of issued capital before submitting the formal bid. The increase made Uber the company's largest shareholder. Delivery Hero co-founder and CEO Niklas Ostberg announced his resignation last week after several large shareholders called for a strategic review.
Delivery Hero, founded in 2011 and headquartered in Berlin, operates an online food ordering and delivery platform in more than 60 countries across Europe, Asia, Africa, Latin America, and the Middle East.
Key Facts
Story Timeline
3 events- Last week
Niklas Ostberg announced his resignation as Delivery Hero CEO.
1 sourceBenzinga - Recent days
Uber increased its stake in Delivery Hero from 7% to 19.5%.
1 sourceBenzinga - Saturday
Delivery Hero confirmed receipt of Uber's €33-per-share takeover offer.
1 sourceBenzinga
Potential Impact
- 01
Delivery Hero shareholders will decide whether to accept the €33-per-share offer.
- 02
Uber may expand its presence in food delivery markets outside the United States.
- 03
Delivery Hero's board could initiate further strategic review processes.
Transparency Panel
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