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7 months ago

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Breakingviews - Deliveroo lacks tasty recipe for takeover call

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Breakingviews - Deliveroo lacks tasty recipe for takeover call

Deliveroo's valuation makes it a plausible takeover target, but Chief Executive Will Shu has a weak hand in negotiating any deal. Activist investor Sachem Head Capital Management has built a stake in the London-listed food delivery company, Bloomberg reported late on Wednesday. The move is in anticipation of the 2 billion pound group being gobbled up once Shu's super-voting shares expire in April next year. Share prices of Deliveroo rose nearly 5% on Thursday morning.

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Breakingviews - Deliveroo lacks tasty recipe for takeover call

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Breakingviews - Deliveroo lacks tasty recipe for takeover call

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