Deliveroo (DROOF) announced that it has received a preliminary proposal from DoorDash (DASH, Financial) for a full acquisition of the company. The proposed cash offer stands at 180 pence per Deliveroo share.
After careful consideration of the terms alongside its advisers, Deliveroo's board indicated that if DoorDash proceeds with a formal offer under these financial conditions, it would likely recommend the proposal to its shareholders, contingent upon final agreement on other terms.
In light of this potential acquisition, Deliveroo has initiated discussions with DoorDash and has granted the latter access to conduct due diligence.
