economy
Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 per share.
TL;DR
- Delivery Hero shares rose more than 10% on Monday morning.
- The surge followed a report that Uber is considering an improved takeover bid.
- Delivery Hero confirmed receiving a €33 per share offer from Uber.
- Uber had previously increased its stake to become Delivery Hero's largest shareholder.
- A previous €38 per share offer was reportedly rejected by a major shareholder.
- The deal would lead to further consolidation in the food delivery sector.