DHER News & Analysis
4 articles
Market Mood
Delivery Hero (DHER) shares rise 10.5% amid Uber takeover bid
European stocks opened higher on Monday, with France's CAC 40 gaining 0.9% and Germany's DAX increasing by 0.8%. Japan's Nikkei 225 breached 65,000 for the first time during holiday trading after positive news regarding U.S.-Iran negotiations. Oil prices fell more than 5% following President Trump's comments on the negotiations. Delivery Hero (DHER) shares increased by 10.5% after confirming a takeover bid from Uber at €33 ($38.29) per share, valuing the company at over €10 billion.
Read More: Delivery Hero (DHER) shares rise 10.5% amid Uber takeover bid
Delivery Hero (DHER) Shares Reach 18-Month High After Uber Bid News
Delivery Hero (DHER) shares reached an 18-month high following news of a bid from Uber. This bid has sparked investor interest, leading to increased trading volume for DHER shares. The positive market reaction indicates potential growth opportunities for Delivery Hero in the competitive food delivery sector. As the stock price surges, it will be important to monitor any official statements or developments regarding the bid.
Read More: Delivery Hero (DHER) Shares Reach 18-Month High After Uber Bid News
Delivery Hero (DHER) Shares Rise 10% on Uber's Bid Announcement
Delivery 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.
Read More: Delivery Hero (DHER) Shares Rise 10% on Uber's Bid Announcement
Delivery Hero (DHER) Confirms Uber's €33 Per Share Takeover Offer
Delivery Hero (DHER) confirmed it received a takeover offer from Uber, valuing the company at €33 ($38.29) per share, approximately 1.76% lower than its last closing price. Uber has increased its stake in Delivery Hero to 19.5% of issued capital, valued at around €1.7 billion. Delivery Hero's CEO, Niklas Oestberg, is stepping down as the company conducts a strategic review, responding to pressures from significant shareholders. The market will watch for further developments regarding Uber's potential full acquisition of Delivery Hero.
Read More: Delivery Hero (DHER) Confirms Uber's €33 Per Share Takeover Offer