Delivery Hero shares hit 18-month high following Uber bid news

Uber Technologies,Inc.

Uber Technologies,Inc.

UBER

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FRANKFURT/MILAN, May 25 (Reuters) - Shares in Delivery Hero DHER.DE hit their highest level in 18 months on Monday after the German food delivery group said it has received an indicative offer from Uber UBER.N and a Financial Times report said the U.S. rival was considering raising the bid.

Shares in the company traded 10% higher at 37 euros apiece at 0705 GMT, their highest level since late November 2024, valuing Delivery Hero at €11.2 billion ($13.04 billion).

($1 = 0.8590 euros)


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