Delivery Hero $DHER.DE jumps 10% after Uber $UBER €33/share approach
Original: Delivery Hero shares rise 10% as rival Uber mulls another takeover bid View original →
Delivery Hero $DHER.DE moved about 10% after the company confirmed a takeover approach from Uber Technologies $UBER. In a 23 May MAR ad-hoc release, Delivery Hero said Uber had reached out with an indicative €33 per share proposal for a potential offer to all shareholders.
The price matters because the stock closed at €33.59 on Friday, according to market reports, leaving the first proposal below the last traded price. Reuters market data carried on Investing.com showed Delivery Hero up around 10% on 25 May, while a Reuters report said a bid discussed by investors valued the company at more than €11.5B ($13.39B).
The transaction still has no binding offer, no board recommendation, and no agreed timetable. Delivery Hero described the approach as indicative and framed the release as inside information under Article 17 of the EU Market Abuse Regulation. That makes the filing the primary anchor; press reports about a higher bid remain secondary until Uber or Delivery Hero updates the market.
For Uber, the strategic stake is European food delivery scale and competitive positioning against DoorDash and Prosus-linked assets. A full offer would also need to account for Delivery Hero's existing strategic review, its pending $600M Taiwan disposal to Grab, and the financing needed for a multi-billion-euro transaction.
For Delivery Hero shareholders, the next facts to watch are any revised price, financing terms, antitrust review in Europe, and whether a formal offer crosses the threshold needed to secure control. Until then, the market move is an M&A probability trade, not an agreed sale.
Not investment advice. Verify all figures with primary sources before acting.
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