Shares of Deliveroo surged to a three-year high on Monday after the British food delivery company confirmed it received a $3.6 billion takeover offer from U.S.-based DoorDash, according to CNBC. Deliveroo first announced the approach Friday after European markets closed and followed up Monday by suspending its $133.5 million share buyback program. Deliveroo's board said it would be “minded to recommend” the offer if a firm bid is made, while discussions with DoorDash continue. Deliveroo shares rose 17.6%, their highest since January 2022.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of Deliveroo surged to a three-year high on money after the British food delivery company
00:07confirmed and received a $3.6 billion takeover offer from U.S.-based DoorDash, according to CNBC.
00:13Deliveroo first announced the approach Friday after European markets closed
00:16and followed up Monday by suspending its $133.5 million share buyback program.
00:22Deliveroo's board said it would be minded to recommend the offer if a firm bid is made.
00:27All discussions with DoorDash continue.
00:28Deliveroo shares rose 17.6%, their highest since January 2022.
00:33For all things money, visit Benzinga.com slash GSTV.