Delivery Hero (DHER) Shares Rise 10% on Uber's Bid Announcement
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowDelivery Hero (DHER) shares increased by over 10% following a report from the Financial Times that Uber is considering an improved takeover bid for the company. Uber has offered €33 ($38.29) per share, valuing Delivery Hero at over €10 billion. As of the latest update, Uber holds approximately 19.5% of Delivery Hero's issued capital, making it the largest shareholder. This potential takeover could lead to increased consolidation in the food delivery sector, as seen in recent acquisitions involving other competitors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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