DoorDash (DASH) announced that the board of directors of DoorDash and the board of directors of Deliveroo (DROOF) have reached agreement on the terms of a recommended final cash acquisition of the entire issued and to be issued share capital of Deliveroo. Under the terms of the acquisition, Deliveroo shareholders will be entitled to receive 180 pence in cash per Deliveroo Share. The terms of the acquisition value the entire issued and to be issued ordinary share capital of Deliveroo at approximately GBP 2.9B, and represent a premium of approximately 44% to the closing price of 125 pence per Deliveroo share, approximately 29% to the closing price of 140 pence per Deliveroo share on 24 April 2025 and approximately 40% to Deliveroo’s three month volume weighted average price of 129 pence per Deliveroo share. The terms of the acquisition imply an enterprise value of Deliveroo of approximately GBP 2.4B.
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