FRANKFURT/MILAN, May 25 (Reuters) – Shares in Delivery Hero hit their highest level in 18 months on Monday after the German food delivery group said it has received an indicative offer from Uber 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)
(Reporting by Christoph Steitz and Danilo Masoni; Editing by Emelia Sithole-Matarise)
