Delivery Hero up pre-market after Uber ends blocked Foodpanda bid
ReutersMar 12, 2025 7:01 AM
Shares in Delivery Hero DHER.DE gain 2.8% in pre-market indications after Uber UBER.N terminated on Tuesday its $950 million bid for the German firm's Foodpanda business in Taiwan
A local trader points to the deal termination fee of around $250 million that the U.S. company will have to pay as a reason for share price move
In December Taiwan had blocked the deal on anti-competitive concern
The stock is seen at the top of the German mid-cap index .MDAXI in pre-market indications
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