Delivery Hero (DHER) Shares Rise 10% on Uber's Bid Announcement

AI Summary

Delivery Hero (DHER) shares increased by over 10% following a report from the Financial Times that Uber is considering an improved takeover bid for the company. Uber has offered €33 ($38.29) per share, valuing Delivery Hero at over €10 billion. As of the latest update, Uber holds approximately 19.5% of Delivery Hero's issued capital, making it the largest shareholder. This potential takeover could lead to increased consolidation in the food delivery sector, as seen in recent acquisitions involving other competitors.