Deliveroo shares surge 17% as £2.7bn takeover looms

Shares in meal supply platform Deliveroo have surged 17% as traders react to information of a £2.7bn takeover proposal.

The corporate revealed after the market had closed on Friday that it had been in talks since 5 April with US rival DoorDash.

Deliveroo recommended then it was seemingly the 180p per share provide can be really helpful, although full phrases had been but to be agreed.

At that worth, the corporate’s founder and chief government, Will Shu, can be in line for a windfall of greater than £170m.

The opening share worth response took the worth to 171p per share.

That continues to be beneath the provide worth and nicely below the 390p per share flotation worth seen in 2021.

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