Food Distribution Service Delivery Shares in London are hitting a three -year height after receiving a $ 3.6 billion proposed techover offer from Dordash on Monday.
Delivery bid announced on Friday after the market was closed in Europe. On Monday, the company also said that it was announced that it was announced last month $ 133.5 million shares by bayback.
Deliveru said on Friday that its board told Dordash that if a firm was offered on financial terms, it would offer its shareholders a bid.
Deliveru has added that its board has decided to engage in discussions with Dordash on possible offers and has given the company proper diligence.
Deliveru said that Dordash must decide by May 25 to decide whether it is planning to offer a first of the Bayout.
The proposed agreement is a few months after the technology investment agency Prosus Food Delivery Giant has just agreed to buy TechAway.com ($ 1.25 billion) for TechAway.com. Just achieving brick -time.com will increase the food distribution portfolio in Europe in Europe, which is a step that is also trying to create Dordash.
Dordash currently operates businesses in the United States, Canada, New Zealand and Australia.
Deliveru, which was founded in 2013, opened 10 markets worldwide, including the United Kingdom, Italy and France. The company reported his first annual profit last year.
In January 2021, the delivery hero sold its minority portiono after less than three years. The two companies worked together earlier this year, the delivery hero bought the delivery Hong Kong’s assets after deciding to get out of the market.
City Investment Research Ronald Jose Decoru can see some of the reasons why the delivery is interested in the delivery.
“Although we believe that Dordash has focused more towards organic expansion, Deliveru has been combined with the integration and acquisition criteria, expanding geographies and giving long -term cash flow during the total address market,” he wrote, “he wrote.” He wrote.
Delivery shares on the London Stock Exchange on Monday jumps more than 17%.
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