UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
- Deliveroo shares increased by 16% after receiving a £2.7 billion takeover proposal from DoorDash on April 5.
- The Deliveroo board indicated they would likely recommend a 180p per share deal to shareholders if terms are agreed.
- Deliveroo has suspended its £100 million share buyback program amid the takeover discussions.
- DoorDash is required to submit a firm offer by May 23, with no certainty that an offer will ultimately be made.
61 Articles
61 Articles
Deliveroo’s share prices rise on takeover proposal by DoorDash - Overpasses For America
he Irish News. privacy watchdog began a compliance check on Deliveroo in response to the company’s decision to cease operations in the region, aiming to protect the personal data of its customers as well as delivery personnel. Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we …
Deliveroo shares surge following DoorDash’s $3.6 billion proposed takeover
Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the company also said that it was suspending a $133.5 million share buyback it had announced last month. Deliveroo said Friday that its board has informed DoorDash that if a firm offer is made …
Deliveroo shares soar after $3.6B DoorDash bid
KEY TAKEAWAYS: Deliveroo receives $3.6 billion takeover offer from DoorDash Deliveroo suspends $133.5 million share buyback amid talks DoorDash must make firm offer decision by May 23 Deliveroo shares surge 17%, hitting three-year highs Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid aft…
Deliveroo shares jump after $3.6 billion DoorDash offer
(Bloomberg/Yazhou Sun) — Deliveroo Plc shares surged by more than 18% on Monday, the most since 2021, after the British delivery firm disclosed an acquisition offer from DoorDash Inc. On Friday, Deliveroo said in a filing that it had received a cash offer from DoorDash at £1.80 per Deliveroo share. That would value the company at about $3.6 billion, according to calculations by Bloomberg. In the filing, Deliveroo said it would be “minded to reco…
Deliveroo stock surges following DoorDash takeover offer
Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the company also said that it was suspending a $133.5 million share buyback it had announced last month. Deliveroo said Friday that its board has informed DoorDash that if a firm offer is made …
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