Deliveroo's Doordash Deal Terms Unlikely to Change -- Market Talk

Dow Jones
2025/05/07

0715 GMT - Deliveroo's deal terms with Doordash will likely remain the same, Deutsche Bank analyst Silvia Cuneo writes in a note. San Francisco-based Doordash will acquire the U.K.'s Deliveroo for around 2.9 billion pounds, with shareholders receiving 180 pence a share--a roughly 44% premium to Deliveroo's closing price on April 4. "While DoorDash has reserved the right to increase its offer in the event of a counter-bid, [we] assume the current terms will prevail and we see limited upside risk," Cuneo says. The German bank downgrades its recommendation on Deliveroo to hold from buy and raised its target price to 180 pence from 175 pence. Deliveroo shares are up 0.2% at 175.80 pence. Doordash shares closed at $190.11 on Tuesday. (najat.kantouar@wsj.com)

 

(END) Dow Jones Newswires

May 07, 2025 03:16 ET (07:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10