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Delivery Hero confirms takeover offer from Uber
Key takeaways
- The offer represents a discount of about 1.76% 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% of issued capital from roughly 7%, becoming its largest shareholder.
- The company reiterated that it was fully focused on executing its strategic review process, without disclosing additional details on Uber’s offer.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize German food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros ($38.29) per share, it said in a statement on Saturday.
The offer represents a discount of about 1.76% 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% of issued capital from roughly 7%, becoming its largest shareholder. The stake is worth around 1.7 billion euros, according to Reuters calculations.
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