BUZZ-Delivery Hero gains on report Uber weighs higher offer

Uber Technologies,Inc.

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DoorDash

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** Shares in Delivery Hero DHER.DE rise 6% in early Frankfurt trade after the Financial Times reported on Sunday that Uber UBER.N is weighing a higher offer for the German food delivery group after a major shareholder rebuffed a bid valuing it at more than 11.5 billion euros ($13.4 billion)

** The report said Uber approached one of Delivery Hero's largest shareholders with an offer of 38 euros per share in recent days but was rebuffed

** The report said several Delivery Hero shareholders were seeking a price above 40 euros per share for the whole company

** On Saturday, the FT said Uber UBER.N and DoorDash DASH.O held exploratory talks with investors in German food delivery group

** Delivery Hero is top performer on Germany's mid-cap index .MDAXI. The stock closed at 33.59 euros on Friday, scoring 10 straight sessions of gains

($1 = 0.8593 euros)

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