Delivery Hero Holders Get a Second Bite at Uber's €41.50 Offer as Bond Terms Shift

Delivery Hero shareholders who have not yet tendered into Uber's takeover bid have a fresh window to do so, with the additional acceptance period running from 11 to 24 November 2026 at an unchanged €41.50 per share. The extra stretch opened on Wednesday, following the close of the regular acceptance period for the offer.

Uber disclosed on Tuesday that it holds a 66.56% stake in the German food-delivery group. Completion of the transaction still hinges on merger-control clearance and further regulatory approvals, with the ride-hailing giant guiding toward a close in the second half of 2027.

The supplemental window gives remaining investors the chance to hand in their shares on the same terms as before. The price applies to every Delivery Hero share tendered; final settlement remains subject to the regulatory conditions already outlined.

Goldman Lifts Stake Past 6%

Activity in the stock has not been confined to the tender process. Goldman Sachs reported on 2 November that its total position in Delivery Hero had climbed to 6.11%, up from a previously disclosed 5.14%. That aggregate figure captures voting rights attached to shares as well as exposure held through instruments.

Conversion Prices Reset Across Four Tranches

The acceptance event tied to Uber's offer has also triggered mechanical adjustments to the conversion prices on four convertible bonds, spanning maturities from 2027 to 2030. For the tranche with a volume of €875 million, Delivery Hero cut the conversion price to €96.8785 from €98.00, a change the company announced on Wednesday.

Two further tranches were reworked under the same event. The bond maturing in 2030 saw its conversion price reduced to €48.6290 from €57.75, while the 2029 paper — a €500 million issue — moved to €162.8712 from €183.12. All of the adjustments have applied since the takeover-related acceptance event.