We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Deliveroo shares surge 17% as £2.7bn takeover looms
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Deliveroo shares surge 17% as £2.7bn takeover looms
Business

Deliveroo shares surge 17% as £2.7bn takeover looms

By Editorial Board Published April 28, 2025 2 Min Read
Share
Deliveroo shares surge 17% as £2.7bn takeover looms

The corporate revealed after the market had closed on Friday that it had been in talks since 5 April with US rival DoorDash.

Deliveroo urged then it was doubtless the 180p per share provide can be advisable, although full phrases had been but to be agreed.

At that value, the corporate’s founder and chief government, Will Shu, can be in line for a windfall of greater than £170m.

Deliveroo additional introduced, earlier than buying and selling on Monday, that it had suspended its £100m share buyback programme.

The opening share value response took the worth to 171p per share – nonetheless shy of the 180p on the desk.

Deliveroo’s shares have weakened practically 50% since their 2021 debut as demand for on-line meals supply stagnated after the pandemic and buyers shifted towards extra worthwhile corporations.

The deal isn’t anticipated to face regulatory hurdles because it offers DoorDash entry to 10 new markets the place it at the moment has no presence.

On Monday, Deliveroo mentioned its buyback was suspended with rapid impact and any recommencement of the programme might be introduced to the market, and didn’t present every other element.

That continues to be beneath the provide value and nicely below the 390p per share flotation value seen in 2021.

Please refresh the web page for the fullest model.

TAGGED:2.7bnDeliverooloomsSharessurgetakeover
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Thatcher at 100: Lavish celebrations to recollect the Iron Woman’s life, management and legacy

Thatcher at 100: Lavish celebrations to recollect the Iron Woman’s life, management and legacy

Politics
October 13, 2025
Ukrainian counteroffensive in Zaporizhzhia – as Russia tries to cripple energy grid

Ukrainian counteroffensive in Zaporizhzhia – as Russia tries to cripple energy grid

A Ukrainian counteroffensive has made beneficial properties alongside the frontline within the Zaporizhzhia area, Volodymyr…

October 12, 2025
Matthew Stafford and a potent protection helped the Rams rally to beat the Ravens

Matthew Stafford and a potent protection helped the Rams rally to beat the Ravens

BALTIMORE — Rams receiver Puka Nacua fell off his record-setting tempo.However that was nice with the Rams.They…

October 12, 2025
Madagascar president says coup underneath means as troopers be part of protesters

Madagascar president says coup underneath means as troopers be part of protesters

The president of Madagascar Andry Rajoelina has claimed a coup is underneath means after weeks…

October 12, 2025
Fears Trump could lose focus after reward for Gaza peace deal at Egypt summit

Fears Trump could lose focus after reward for Gaza peace deal at Egypt summit

Sir Keir Starmer will on Monday be part of world leaders at a historic summit…

October 12, 2025

YOU MAY ALSO LIKE

Blackstone in talks about £1bn Tritax Massive Field deal

One of many world's largest actual property buyers is in superior talks with a London-listed group a couple of £1bn…

Business
October 12, 2025

Meals supply drones may quickly be roaming British skies

An Irish start-up is hoping to have the UK's first meals drone supply pilot scheme working in 2026, topic to…

Business
October 12, 2025

The 40 jobs ‘most vulnerable to AI’ – and 40 it could actually’t contact

AI has stolen £120,000 from Joe Turner.The 38-year-old author misplaced 70% of his shoppers to chatbots in two years. His…

Business
October 11, 2025

Authorized & Basic plots swoop for NatWest pensions arm Cushon

Authorized & Basic (L&G) is plotting a swoop on the office pensions supplier owned by NatWest Group, the FTSE-100 lender,…

Business
October 11, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?