Uber Launches Formal Delivery Hero Offer After BaFin Approval
UBER sits 17% above its 52-week low of $65.41 on light trading volume (0.2× avg).
Summary
Uber has formally launched its takeover offer for Delivery Hero after receiving BaFin approval, publishing the offer document and setting an acceptance period through Nov. 5. The offer price of €41.50 per share represents a 108% premium to Delivery Hero's unaffected closing price on May 8. Delivery Hero's management and supervisory boards are expected to support the offer. Uber already holds about 24.77% of voting shares and has derivative exposure of 11.74%, with Prosus agreeing to tender a 16.68% stake, giving Uber an economic interest of about 53%. The deal requires acceptance from holders of at least 50% plus one share and remains subject to antitrust and other regulatory approvals, with settlement expected in the second half of 2027.
At the time of this announcement, UBER was trading at $76.65 on NYSE in the Technology sector, with a market capitalization of approximately $156.6B. The 52-week trading range was $65.41 to $101.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.