Uber's board met on Saturday to consider raising its bid for Delivery Hero after a major shareholder rejected an offer that would value the German food delivery group at more than 11.5 billion euros ($13.39 billion). The reported discussions point to a potentially larger transaction, which is supportive for Delivery Hero but still uncertain pending any revised proposal. The situation is likely to keep both stocks active, with market attention centered on valuation and deal terms.
Uber's board met on Saturday to consider raising its bid for Delivery Hero after a major shareholder rejected an offer that would value the German food delivery group at more than 11.5 billion euros ($13.39 billion). The reported discussions point to a potentially larger transaction, which is supportive for Delivery Hero but still uncertain pending any revised proposal. The situation is likely to keep both stocks active, with market attention centered on valuation and deal terms.
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mildly positive
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