Deliveroo rises on $3.9 billion takeover deal with Doordash
ReutersMay 6, 2025 7:09 AM
Shares of British meal delivery firm Deliveroo ROO.L up 2%, hitting an over 3-year high of 175.6 pence
Under deal, Doordash will buyout ROO for 180 pence per share or a total value of 2.9 billion pounds ($3.86 billion)
DoorDash says financial terms of the deal are final but reserved the right to increase the offer if a third party made a competing offer
ROO's Independent Committee decided to recommend offer to shareholders
Up to Friday's close, the stock had risen 21.3% so far this year
($1 = 0.7519 pounds)
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