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Uber publishes tender offer for Delivery Hero after BaFin approval

Investing.com +1 ·

UBER Uber Technologies Inc
$78.49 -2.31%
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  1. 1Uber (UBER) has published the formal offer document for its voluntary tender offer for Delivery Hero (DHER.DE) after receiving BaFin approval
  2. 2The offer is EUR 41.50 per share in cash, a premium of roughly 108% over the May 8 closing price, with the acceptance period running from August 27 to November 5
  3. 3Uber's economic stake stands at about 53%; upon completion, the number of markets offering both mobility and delivery would rise from 34 to 58

This 3-line summary is compiled from the report below.

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