finance.yahoo.com

Delivery Hero Board Endorses Uber $15B Takeover Bid and Seeks Shareholder Approval

Uber logoUber
Sig4.75Sen+5.60Env0.00Soc+0.20Gov+2.10
Delivery Hero logoDelivery Hero
Sig4.22Sen+6.45Env0.00Soc+1.22Gov+5.61

Delivery Hero’s supervisory and management boards have signed off on Uber’s $15 billion takeover offer and recommended shareholder approval, calling the price fair and the deal beneficial for the company, its shareholders, employees and stakeholders. The combination would double Uber’s delivery reach outside China, with a 50% acceptance threshold plus one share and Prosus selling its 17% stake. Delivery Hero also plans to exit 14 Uber Eats markets for $1.6 billion.

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