Delivery Hero's board of directors and supervisory board have formally recommended that shareholders accept Uber's acquisition offer, priced at 41.50 euros per share and valuing the Berlin-based food delivery company at approximately $15 billion. Both governance bodies reviewed the offer independently before issuing their endorsement. Shareholders have until November 5 to tender their shares.
When a target company's board unanimously endorses a takeover at a fixed price, the stock typically trades close to that offer price until the deal closes or falls apart. Delivery Hero shareholders holding below 41.50 euros face a clear decision point before November 5. For Uber investors, absorbing a $15 billion acquisition means near-term pressure on free cash flow and balance sheet flexibility.
November 5: Delivery Hero shareholder acceptance deadline. Any regulatory filing disclosures from Uber or Delivery Hero before that date.
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