Data News > Deliveroo Shares Surge on DoorDash Acquisition Offer
- Deliveroo's stock price soared in London after receiving an acquisition offer from DoorDash
- The offer values Deliveroo at 2.72 billion pounds
- Deliveroo suspended its share buyback program following the offer
- Analysts believe that the offer may not be the final bid, as it was not considered particularly high
- Deliveroo stated that it would recommend the offer to shareholders if a formal bid was made
British food delivery company Deliveroo experienced a significant surge in its stock price in London trading following an acquisition offer from DoorDash, a US-based firm. The offer, valued at 180 pence per share, totaling approximately 2.72 billion pounds, led to Deliveroo's shares reaching a three-year high. The news was met with optimism from investors, driving the stock price upward.
Deliveroo's decision to suspend its share buyback program, which was announced just days prior to the acquisition offer, underscored the seriousness of the potential takeover. The company's board indicated that they would be inclined to recommend the offer to shareholders if a formal bid were to materialize, signaling their openness to the acquisition.
Analysts weighed in on the situation, noting that while the offer from DoorDash was significant, it may not necessarily be the final bid. Some speculated that the price offered was not particularly high, leaving room for potential rival bids to emerge. This uncertainty added an element of intrigue to the development, as market watchers awaited further updates on the situation.
Despite the initial excitement surrounding the takeover proposal, Deliveroo emphasized that discussions with DoorDash were still ongoing. The company acknowledged the attractiveness of the offer but refrained from making any definitive statements until a formal bid was presented. This cautious approach reflected Deliveroo's commitment to maximizing shareholder value in the deal.
Overall, Deliveroo's shares surged to new highs on the back of DoorDash's acquisition offer, transforming the company's outlook and generating considerable interest in the stock market. As the situation continued to evolve, investors remained attentive to any new developments that could impact the future direction of both Deliveroo and DoorDash.
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Deliveroo Shares Surge on DoorDash Acquisition Offer
By KlickAnalytics Data Insights | April 28, 2025 08:03PM ET
Key Points
- Deliveroo's stock price soared in London after receiving an acquisition offer from DoorDash
- The offer values Deliveroo at 2.72 billion pounds
- Deliveroo suspended its share buyback program following the offer
- Analysts believe that the offer may not be the final bid, as it was not considered particularly high
- Deliveroo stated that it would recommend the offer to shareholders if a formal bid was made
British food delivery company Deliveroo experienced a significant surge in its stock price in London trading following an acquisition offer from DoorDash, a US-based firm. The offer, valued at 180 pence per share, totaling approximately 2.72 billion pounds, led to Deliveroo's shares reaching a three-year high. The news was met with optimism from investors, driving the stock price upward.
Deliveroo's decision to suspend its share buyback program, which was announced just days prior to the acquisition offer, underscored the seriousness of the potential takeover. The company's board indicated that they would be inclined to recommend the offer to shareholders if a formal bid were to materialize, signaling their openness to the acquisition.
Analysts weighed in on the situation, noting that while the offer from DoorDash was significant, it may not necessarily be the final bid. Some speculated that the price offered was not particularly high, leaving room for potential rival bids to emerge. This uncertainty added an element of intrigue to the development, as market watchers awaited further updates on the situation.
Despite the initial excitement surrounding the takeover proposal, Deliveroo emphasized that discussions with DoorDash were still ongoing. The company acknowledged the attractiveness of the offer but refrained from making any definitive statements until a formal bid was presented. This cautious approach reflected Deliveroo's commitment to maximizing shareholder value in the deal.
Overall, Deliveroo's shares surged to new highs on the back of DoorDash's acquisition offer, transforming the company's outlook and generating considerable interest in the stock market. As the situation continued to evolve, investors remained attentive to any new developments that could impact the future direction of both Deliveroo and DoorDash.
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