(Reuters) – The British Deliveo meal delivery company flies away on Monday on the London Stock Exchange after announcing on Friday the reception of a redemption proposal of $ 3.6 billion (3.1 billion euros) from its American Doordash rival.
The British group’s action takes 16% around 8:04 a.m. GMT, while the FTSE 250 index advance 0.47% at the same time.
Deliveroo said Friday after the stock market closure that he had received a purchase proposal from Doordash on April 5, adding that he would probably recommend the shareholders’ offer, subject to an agreement on other conditions.
The price offered of 180 pence per share represents a bonus of 22.8% compared to the closing course of 146.6 on Friday pence.
The Deliveroo action has lost almost 50% since its start on the stock market in 2021, the request to delivery of meals stagnated after the boom induced by the Pandemic of COVID-19 and the investors having turned to more profitable groups.
This proposal comes in a context of consolidation of the sector: in February, the proxus investor, declared its intention to launch a public purchase offer of 4.1 billion euros on Just Eat Takeaway in order to create a “European technological champion” of meal delivery.
“At the beginning of 2025, the sector entered its final phase: global consolidation. Just Eat Takeaway.com received a prosus rescue buoy, and Deliveroo received an indicative offer from Doordash,” note the analysts of Panmure Liberum.
“With good execution, Deliveroo could be a major asset for Doordash in the United Kingdom and Europe,” they write.
The operation should not encounter regulatory obstacles because it gives access to Doordash to 10 new markets on which it is not currently working, thus creating a very complementary footprint.
Reuters reported in 2024 that Doordash had expressed his interest in a takeover of Deliveroo, but according to a source, the discussions had ended after disagreements on the evaluation.
Deliveroo also announced on Monday the suspension of its share buy -back program of 100 million pounds sterling.
(Written by Diana Mandiá, with Yamini Kalia and Chandini Monnappa, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
