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UK's Deliveroo suspends share buyback following buyout proposal
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UK's Deliveroo suspends share buyback following buyout proposal
May 25, 2025 7:53 PM

April 28 (Reuters) - British meal delivery company

Deliveroo ( DROOF ) suspended its 100 million pound ($133.13

million) share buyback program on Monday, days after it said it

had received a proposal from U.S. peer DoorDash ( DASH ).

On Friday, Deliveroo ( DROOF ) said it had received a 2.7 billion

pound takeover proposal from DoorDash ( DASH ) on April 5 and would

likely recommend the 180 pence-per-share offer to shareholders,

subject to agreement on other terms.

The deal is expected to face no regulatory hurdles, as

it provides DoorDash ( DASH ) access to 10 new markets where it currently

has no presence, creating a highly complementary footprint -

other competitors might encounter more antitrust issues, a

source told Reuters on Friday.

On Monday, Deliveroo ( DROOF ) said its buyback was suspended with

immediate effect and any recommencement of the programme will be

announced to the market, and did not provide any other detail.

($1 = 0.7511 pounds)

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