Brief: Prosus Says Uber's Offer For Delivery Hero Represents Fair Price
BRIEF-Prosus Says Uber's Offer For Delivery Hero Represents Fair Price July 16 (Reuters) - Prosus NV PRX.AS:
GIVES IRREVOCABLE TO SELL DELIVERY HERO
TO SELL 16.8% STAKE IN DELIVERY HERO TO UBER AT €41.5 PER SHARE
TO USE PROCEEDS FROM DELIVERY HERO SALE FOR GENERAL CORPORATE PURPOSES
UBER'S OFFER REPRESENTS PREMIUM OF 151% TO DELIVERY HERO'S 1-MONTH VWAP BEFORE ANNOUNCEMENT OF PROSUS'S INITIAL 4.5% STAKE SALE TO UBER
BELIEVES THAT UBER'S OFFER REPRESENTS A FAIR PRICE AND EFFECTIVE WAY TO COMPLY WITH ITS COMMITMENTS TO EUROPEAN COMMISSION
Source text: ID:nRSP6135Ma
Further company coverage: PRX.AS, DHER.DE, UBER.N
(Gdansk Newsroom)
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