Delivery Hero falls after Uber launches takeover offer

Delivery Hero SE

16/07/2026 10:04

Updates share move, adds broker comments
** Shares in Germany's Delivery Hero DHER.DE fell as much as 2.3% after Uber UBER.N launched a $14.8 billion takeover offer 
** Uber said it will pay €41.5 ($47.6) per co share, a 9% premium to Wednesday's close price

    ** Jefferies note the stock's price has already risen after previous press leaks
  
** "We see little room for shareholders to push a price bump, nor for a counter bidder to emerge," Jefferies says
** Delivery Hero has also agreed to sell businesses in 14 markets to U.S. SSW Partners for €1.4 billion, in a deal aimed at facilitating regulatory approval
** The use of a financial investor to get ahead of the antitrust questions could prove successful, but the long timeline to completion (2H27) suggests it won't be a straightforward review, the broker adds

       ** "Our base case is we're about to see a long slow march of DH out of the public markets," it says
  

    ** Shares in the co are flat at 09:02 GMT
  
** The stock gained around 67% YTD as of Wednesday's close


($1 = 0.8720 euros)

 (Reporting by Emanuele Berro)
 ((emanuele.berro@thomsonreuters.com))