Delivery Hero stock: Uber bond event resets conversion terms
Published on 11/14/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUber offer reshapes bond terms
- Delivery Hero adjusted the conversion price of its EUR 750 million convertible bonds due 2028 effective November 10.
- The adjustment followed an acceptance event linked to Uber's voluntary public tender offer for Delivery Hero.
- A voting-rights disclosure followed on November 12 as the proposed transaction remained in focus.
Delivery Hero reported on November 11 that an acceptance event connected with Uber International Technologies II Corporation's voluntary public tender offer had triggered a change in the terms of its EUR 750 million convertible bonds due 2028. The notice, carried by finanzen.at, states that the revised terms took effect on November 10.
Bond adjustment raises dilution focus
The conversion price for the 2028 bonds was reduced from EUR 148.975 to EUR 138.6179. The acceptance record date was November 5. A lower conversion price can increase the economic appeal of converting the bonds into shares, leaving potential dilution relevant for shareholders if conversion rights are exercised.
The bond notice concerns the terms of the debt instrument and does not establish that Uber's proposed acquisition has closed. Delivery Hero and Uber therefore remain subject to the further steps of the tender process and applicable regulatory reviews.
Further ownership disclosures follow
A separate voting-rights disclosure appeared on November 12. Together with the bond adjustment, the notices kept the proposed change in Delivery Hero's ownership structure and its possible effect on the capital structure at the center of investor attention during the week.
Delivery Hero stock traded at 36.68 euros on Lang & Schwarz at 11:12 CET on Saturday, November 14.
Delivery Hero at a glance
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- WKN: A2E4K4
- Ticker: DHER.DE
- Listing: Frankfurt Stock Exchange
- Lang & Schwarz quote: 36.68 euros on November 14, 2026 at 11:12 CET
- Bond action: EUR 750 million convertible bonds due 2028; conversion price changed from EUR 148.975 to EUR 138.6179 effective November 10
- Index: MDAX
German equities are covered in Current market reports.
