BRIEF-Prosus Says Uber's Offer For Delivery Hero Represents Fair Price

Uber Technologies,Inc.

UBER

0.00

July 16 (Reuters) - Prosus NV PRX.AS:

GIVES IRREVOCABLE TO SELL DELIVERY HERO
TO SELL 16.8% STAKE IN DELIVERY HERO TO UBER AT €41.5 PER SHARE
TO USE PROCEEDS FROM DELIVERY HERO SALE FOR GENERAL CORPORATE PURPOSES
UBER'S OFFER REPRESENTS PREMIUM OF 151% TO DELIVERY HERO'S 1-MONTH VWAP BEFORE ANNOUNCEMENT OF PROSUS'S INITIAL 4.5% STAKE SALE TO UBER
BELIEVES THAT UBER'S OFFER REPRESENTS A FAIR PRICE AND EFFECTIVE WAY TO COMPLY WITH ITS COMMITMENTS TO EUROPEAN COMMISSION

Source text: ID:nRSP6135Ma

Further company coverage: PRX.AS, DHER.DE, UBER.N

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.