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Investing.com -- DoorDash (NASDAQ:DASH), the American food delivery service, has expressed interest in making a cash offer for all issued and future ordinary shares of Deliveroo (OTC:DROOF), according to a statement from the latter’s board. The proposal was received by Deliveroo on April 5, 2025, and suggests a price of 180 pence per share.
After a thorough review of the proposal with its advisers, Deliveroo’s board has indicated that it would likely recommend such an offer to its shareholders, given that the other terms of the offer are agreed upon. In light of this, Deliveroo has decided to engage in discussions with DoorDash concerning the potential offer and has granted DoorDash access to its due diligence.
However, Deliveroo has made it clear that there is no guarantee that a firm offer will indeed be made by DoorDash. Consequently, Deliveroo’s shareholders have been advised to refrain from taking any action concerning the potential offer at this time. This announcement was made by Deliveroo with DoorDash’s consent.
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