Delivery Hero confirms takeover offer from Uber
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.
