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Deliveroo halts buyback as DoorDash cooks up a deal
Paisley Daily Express
|April 29, 2025
DELIVEROO has halted its £100 million share buyback programme in light of a takeover proposal from its US rival, DoorDash.
The takeaway delivery giant had announced the programme, which would have increased shareholder returns to £550m since 2023, in its full-year results in March.
However, Deliveroo noted that it may resume the programme at a later date.
On Friday, the company confirmed that it had received a takeover offer from DoorDash earlier in the month, marking the US giant's latest acquisition move since its £5.2 billion purchase of Finnish delivery firm Wolt in 2021.
Deliveroo's share price surged over 15% in early trading yesterday following the announcement late on Friday.
Bu hikaye Paisley Daily Express dergisinin April 29, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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