Delivery Hero Shares Hit 18-Month High on Uber Bid
Shares in Delivery Hero rose 10 percent to 37 euros on Monday after the company received an indicative offer from Uber. The stock reached its highest level since November 2024 following reports that the U.S. rival may increase its bid for the German food delivery group.
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DELIVERY HERO SE shares rose 10% to an 18-month high on Tuesday, May 25, 2023, following an indicative takeover offer from UBER TECHNOLOGIES INC. The stock rose to 37 euros, its highest level since late November 2024, giving the company a market valuation of €11.2 billion. This potential consolidation signals a major shift in the European food delivery landscape as the United States rival seeks to expand its footprint.
