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Delivery Hero's Management, Supervisory Boards Back Uber's Voluntary Public Takeover Offer

MT Newswires·09/03/2026 00:10:16
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12:10 AM EDT, 09/03/2026 (MT Newswires) -- Delivery Hero's (DHER.F) management and supervisory boards recommended that shareholders accept Uber's (UT8.F) voluntary public takeover offer of 41.50 euros per share. The German online food delivery company said Wednesday the boards reviewed the offer independently and deemed it to be in the best interest of the company, its shareholders, and stakeholders. The boards also received two fairness opinions on the offer price from its exclusive financial adviser, JP Morgan Securities, and from UniCredit Bank. The offer is subject to a minimum acceptance threshold of 50% plus one share of Delivery Hero's share capital, merger control and other regulatory clearances, and other customary conditions. The acceptance period is anticipated to expire on Nov. 5, 2026, and completion is expected in the second half of 2027.