Stock prices for a major German food delivery company reached their peak level in 18 months during Monday trading after news emerged of a potential takeover offer from Uber, with reports indicating the American company may be planning to increase its proposal.
The German firm’s stock price climbed 10% to reach 37 euros per share by 0705 GMT, marking the company’s strongest performance since the end of November 2024. This surge brought Delivery Hero’s total market value to €11.2 billion, equivalent to $13.04 billion.
The stock rally began after Delivery Hero announced it had received a preliminary acquisition proposal from Uber, while a Financial Times report suggested the U.S. competitor was weighing an increase to its initial offer.
