Delivery Hero shares jumped up to 12.7% to an intraday high of €37.85, their highest since Nov 2024, valuing the company at about €11.5bn, after a Financial Times report said Uber is considering raising its takeover offer. Uber’s initial €33/share bid was rejected; a revised €38/share offer to a major shareholder was also rebuffed, with some investors seeking above €40. Jefferies flagged antitrust concerns due to overlap in 22 markets.
Delivery Hero shares jumped up to 12.7% to 37.85 euros on May 25 after a Financial Times report said Uber is considering a higher takeover offer following rejection of an initial 33 euros per share. The report said Uber also offered 38 euros to a major shareholder, but it was rebuffed; some shareholders seek above 40 euros. Uber already holds 19.5% after a recent stake increase. Jefferies flagged antitrust issues due to overlap in 22 markets.
Delivery Hero shares jumped up to 12.7% to 37.85 euros on May 25 after a Financial Times report said Uber is considering a higher takeover offer following rejection of its initial 33 euros/share bid. The report said Uber also offered 38 euros/share to a major shareholder, but it was rebuffed; some investors seek above 40 euros. Jefferies flagged antitrust issues due to overlap in 22 markets.