Uber considers raising bid for Delivery Hero above 38 euros
Uber weighs a higher bid for Delivery Hero after investors rejected a 38 euro offer. Shareholders seek over 40 euros while DoorDash monitors the German company.
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UBER TECHNOLOGIES INC is considering a higher bid for DELIVERY HERO SE after a major shareholder rejected an offer valuing the company at over 11.5 billion euros. The initial 33 euros per share proposal represented a 15.3% premium over the closing price on May 22. A successful acquisition would consolidate the European food delivery market as DOORDASH INC - A also explores a potential entry.
