Uber's acquisition faces obstacles! Delivery Hero rejects the offer, stock price soars 10% overtaking the offer.
According to the Wise Finance APP, on May 25th, the stock price of German food delivery giant Delivery Hero soared to 37.85 euros at one point on the Frankfurt Stock Exchange, reaching its highest level in 18 months. This price not only significantly surpassed Uber's indicative acquisition offer of 33 euros per share announced last Saturday, but also approached Uber's latest "price increase" offer of 38 euros per share. The market is sending a clear signal with real money: any offer below 40 euros per share may not be able to open the door to Delivery Hero. With competitors DoorDash (DASH.US) entering aggressively, continued pressure from activist shareholders, and the looming shadow of antitrust, a multi-party game to reconstruct the global food delivery map is escalating.
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