1305 GMT - DoorDash's deal to acquire British food-delivery company Deliveroo looks positive for the industry, UBS analyst write in a note. The offer shows the attractiveness of European online food delivery to key players, they say. However, the deal could intensify competition in the Middle East and North Africa markets, and U.K. and France as well, the analysts add. While the agreement doesn't raise any anticompetitive concerns, potential uncertainty among investors lies around the deal getting more than 75% shareholder approval and the risk of a counterbid, they say. The Swiss bank cuts its stock recommendation to neutral from buy. Deliveroo shares are up 0.2% at 174.80 pence.(najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 09:05 ET (13:05 GMT)
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