Uber's EUR 33/Share Takeover Proposal for Delivery Hero Confirmed
UBER is trading near its 52-week low of $68.46 (5.0% above the low).
Summary
Delivery Hero has confirmed that Uber Technologies made an indicative takeover proposal of EUR 33 per share. This follows Uber's recent increase in its stake in Delivery Hero to 19.5% and earlier reports of Uber studying a full takeover. While Delivery Hero confirmed an indicative offer yesterday, this headline provides the specific per-share price. This concrete valuation is a material development in Uber's potential acquisition strategy, impacting its financial commitments and market position in the food delivery sector. The market will now watch for further updates on Delivery Hero's strategic review and any formal offer from Uber.
At the time of this announcement, UBER was trading at $71.89 on NYSE in the Technology sector, with a market capitalization of approximately $146.2B. The 52-week trading range was $68.46 to $101.99. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.