Delivery Hero Stock Analysis: The 12% Gap to Uber's €41.50 Offer
Delivery Hero stock closed at €36.85 on Xetra on 12 October 2026. That is €4.65 below the €41.50 per share that Uber has offered in cash. The gap equals a gross upside of about 12.6% if the deal closes on its current terms, before taxes and costs, which may vary (Investing.com). If the deal fails, the shares could fall sharply, since they traded near €19.95 before the bid.
The shares now trade mainly on the deal. The acceptance period ends on 5 November 2026. Delivery Hero reports its third quarter on 28 October. Payment is only expected in the second part of 2027, after regulators decide (Uber offer document release).
The information in this article is provided for educational purposes only and does not constitute financial advice. Consult a financial advisor before making investment decisions.
Table of Contents
- Delivery Hero Stock at a Glance
- Delivery Hero Share Price: Latest Market Data
- The Uber Delivery Hero Deal Explained
- Delivery Hero Merger Arbitrage: Pricing the Spread
- Delivery Hero Q3 2026 Trading Update Preview
- Delivery Hero Stock Forecast: Analyst Price Targets
- Delivery Hero Technical Analysis
- Delivery Hero Financial Calendar: Key Dates
- The Buyer: Uber Q3 2026 Earnings and Financing
- Macro Backdrop: ECB Rates and the Spread
- Illustrative Scenarios for Delivery Hero Stock
- Pros and Cons of the Current Set-Up
- Delivery Hero Regulatory Risk and Other Risks
- How Traders Approach Delivery Hero Stock
- Frequently Asked Questions
- Summary: Delivery Hero Stock After the Offer
Delivery Hero Stock at a Glance
The table below sums up the main numbers behind the Delivery Hero takeover spread. Each figure is explained in the sections that follow.
| Item | Figure | Date |
|---|---|---|
| Xetra closing price | €36.85 | 12 Oct 2026 |
| Uber cash offer | €41.50 per share | Offer document, 27 Aug 2026 |
| Gap to the offer | €4.65 (12.6% upside, 11.2% discount) | 12 Oct 2026 |
| 52-week range | €14.80 to €39.83 | 13 Oct 2026 |
| Delivery Hero market cap | about €11.2bn | 13 Oct 2026 |
| End of acceptance period | 5 Nov 2026, 24:00 Frankfurt time | Offer document |
| Expected settlement | Second part of 2027 | Offer document |
| Index | MDAX | 12 Oct 2026 |
Source: Investing.com, Business Wire via Finviz, ad-hoc-news. The gap is gross, before taxes and costs, which may vary. Past performance is not a reliable indicator of future results.
Why Is Delivery Hero Trading Below the Offer Price?
A cash offer often acts as a ceiling for the share price. The price below that ceiling reflects time and risk. Buyers who tender may wait a year or longer for the money. They also carry the chance that regulators block the deal.
- Cash is only paid at closing, which Uber expects in the second part of 2027.
- The deal needs merger clearance in the EU and in several other countries.
- Euro interest rates have risen in 2026, which raises the cost of waiting.
- A failed deal could send the shares back towards the price before the bid.
Market participants call this gap the merger spread. A wide spread often signals more doubt about timing. A narrow spread often signals more confidence in closing.
Delivery Hero Share Price: Latest Market Data
The Delivery Hero share price has moved in a tight band since late August. Daily ranges are small. Trading volume is low compared with the spring.
| Snapshot | Price | Venue and time | Note |
|---|---|---|---|
| Close, 12 Oct 2026 | €36.85 | Xetra, 17:35 CEST | Previous close €36.60 on 9 Oct |
| Real-time estimate, 13 Oct 2026 | €36.98 | Tradegate, 10:39 CEST | +62.8% since 1 January, driven by the takeover bid |
| 3-month average volume | 645,430 shares | Xetra, as of 13 Oct 2026 | Shares traded per day |
| Shares outstanding | 303.74m | Company data | Basis for market value |
| Free float | 56.37% | Company data | Uber and Prosus hold large stakes |
Source: Investing.com, MarketScreener. Prices change during the day. Past performance is not a reliable indicator of future results.
Delivery Hero Stock Price History: Five Years
The 2026 rise came after four losing years out of five. The shares hit a record of €145.40 in 2021 (Der Aktionär, dpa-AFX). By early 2026 they had lost close to 90% from that peak.
| Year | Year-end close | Annual change |
|---|---|---|
| 2021 | €98.00 | -22.8% |
| 2022 | €44.78 | -54.3% |
| 2023 | €25.01 | -44.1% |
| 2024 | €27.12 | +8.4% |
| 2025 | €22.72 | -16.2% |
| 2026 to 12 Oct | €36.85 | +62.2% |
Source: Digrin, DHER.DE monthly price history, Xetra closing prices, December values. Changes calculated by Admirals. Past performance is not a reliable indicator of future results.
Over five years the stock is still down about two thirds. Investing.com showed a five-year change of -66.7% on 13 October 2026 (Investing.com).
How Takeover News Moved the Shares in 2026
The shares fell to a 52-week low of €14.80 in the spring of 2026. That low followed years of losses and doubts about the business. The recovery came almost entirely from takeover news.
| Date | Event | Price effect |
|---|---|---|
| 8 May 2026 | Last trading day before deal reports | Close of about €19.95 |
| 23 May 2026 | Uber's indicative proposal of €33 confirmed | Proposal close to the prior close |
| 25 May 2026 | Market bets on a higher bid | Shares up 11% to €37.16 intraday |
| Late May 2026 | Stock reaches its 52-week high | €39.83 |
| 16 Jul 2026 | Agreement signed at €41.50 | Close of €38.20 |
| 12 Oct 2026 | Latest Xetra close | €36.85 |
Source: Delivery Hero reasoned statement, Bloomberg Law, Bloomberg Tax, Der Aktionär. The 8 May close is derived from the 108% premium. Past performance is not a reliable indicator of future results.
The Uber Delivery Hero Deal Explained
The Uber Delivery Hero deal is a voluntary public takeover offer under German law. Uber published the offer document on 27 August 2026 after BaFin approval (Business Wire via Finviz).
Offer Terms in Brief
| Term | Detail |
|---|---|
| Uber Delivery Hero offer price | €41.50 in cash per share |
| Acceptance period | 27 Aug 2026 to 5 Nov 2026 |
| Deadline | 24:00 Frankfurt time, 18:00 New York time |
| Minimum acceptance | 50% plus one share, Uber's own shares included |
| Settlement | Expected in the second part of 2027 |
| Domination agreement | Uber has committed to avoid one for three years |
Source: Uber offer document announcement, Business Wire via Finviz.
Custodian banks may set earlier internal cut-off dates. For holders who decide to tender, the bank's deadline may therefore fall before 5 November.
How Big Is the Premium?
The Management Board and Supervisory Board recommended that shareholders accept the offer on 2 September 2026. Both boards called the price "fair and adequate" in their Delivery Hero reasoned statement (EQS-News via Deutsche Börse).
| Reference point | Premium of €41.50 |
|---|---|
| Xetra close on 8 May 2026 | about 108% |
| 3-month volume-weighted average to 8 May 2026 | about 127% |
| 3-month average before 16 Jul 2026 | about 35% |
| Average analyst target before 8 May 2026 | about 52% |
Source: Delivery Hero joint reasoned statement, 2 Sep 2026. Past performance is not a reliable indicator of future results.
J.P. Morgan Securities plc gave a Delivery Hero fairness opinion to both boards. The Supervisory Board also received one from UniCredit Bank GmbH (reasoned statement).
Who Owns What: Uber Stake in Delivery Hero
Uber says its existing position and the Prosus commitment add up to about 53% economic interest. Part of that position is held through derivatives, so the final acceptance level still matters.
| Holder | Share of capital | Type |
|---|---|---|
| Uber, shares | about 24.77% | Voting shares held directly |
| Uber, derivatives | about 11.74% | Equity derivatives |
| Prosus | about 16.68% (51,116,174 shares) | Irrevocable undertaking to tender |
| Total economic interest | about 53% | Uber's own figure |
Source: Uber offer document announcement, 27 Aug 2026.
This means the Uber stake in Delivery Hero and the Prosus commitment together add up to more than the 50% hurdle on paper. The bigger question is regulatory approval.
Conditions and Regulators
The offer depends on merger clearances. The agreement sets a long-stop date of 10 November 2027. BaFin may allow a later date, though never past 10 May 2028 (Business Combination Agreement, SEC filing).
| Area | What is needed | Status (13 Oct 2026) |
|---|---|---|
| European Commission | EU merger clearance | Review of the SSW sale reported |
| South Korea | KFTC review | Voluntary pre-review started 22 Sep 2026 |
| Middle East | Clearances in several countries | Pending |
| Latin America | Clearance in Argentina | Pending |
| Long-stop date | All approvals by 10 Nov 2027 | Can extend to 10 May 2028 at the latest |
Source: Business Combination Agreement, Digital Policy Alert, InforCapital.
The SSW Partners Carve-Out
Delivery Hero agreed to sell its businesses in 14 markets to SSW Partners for about $1.6bn. These are mostly markets where Uber Eats and Delivery Hero overlap. The sale only goes ahead if the Uber offer closes (The Next Web).
Uber lends SSW most of the purchase money. In September, reports said the European Commission was examining that financing more closely (InforCapital). This is a key part of the Uber Delivery Hero regulatory approval process.
Break Fees and the Long-Stop Date
The agreement includes two fees. Their size shapes the downside case.
| Fee | Amount | Who pays | When |
|---|---|---|---|
| Regulatory reverse fee | €700m | Uber to Delivery Hero | If regulatory conditions fail |
| Company termination fee | €200m | Delivery Hero to Uber | In certain cases, such as a competing offer |
| Reverse fee per share | about €2.26 | Admirals calculation | On 309,639,110 voting rights |
Source: Business Combination Agreement, ad-hoc-news (voting rights).
The Uber Delivery Hero reverse termination fee would go to the company. Shareholders would only benefit indirectly, through any effect on the company's value.
Delivery Hero Merger Arbitrage: Pricing the Spread
Delivery Hero merger arbitrage means buying the shares below the offer and waiting for the cash. The return depends on timing. The risk depends on whether the deal closes. Losses can be large if the deal fails.
Spread and Illustrative Annualised Figures
The Delivery Hero spread to offer price is €4.65, or 12.6% gross. The table spreads that 12.6% over three illustrative payment dates.
| Illustrative payment date | Days from 12 Oct 2026 | Simple annualised figure |
|---|---|---|
| 30 Sep 2027 | 353 | about 13.0% |
| 10 Nov 2027 (long-stop) | 394 | about 11.7% |
| 10 May 2028 (latest extension) | 576 | about 8.0% |
Illustrative calculations by Admirals from the €36.85 close and the €41.50 offer. Figures are before taxes and costs, which may vary. They assume the deal closes on current terms. Forecasts are not a reliable indicator of future performance.
For context, the ECB deposit rate stands at 2.50% (European Central Bank). The spread reflects deal risk on top of that rate.
What Probability Does the Market Imply?
A simple model can show how much risk the price contains. It assumes the €41.50 is worth about €40.49 today, discounted one year at 2.5%. It then tests three fall-back values.
| Value if the deal fails | Basis | Implied chance of closing | Move from €36.85 |
|---|---|---|---|
| €19.95 | Unaffected price, 8 May 2026 | about 82% | -45.9% |
| €25.00 | Illustrative middle value | about 77% | -32.2% |
| €28.00 | JP Morgan target, 1 Jun 2026, set before the agreement | about 71% | -24.0% |
Illustrative model by Admirals. Source for the €28 target: finanzen.net. The model ignores the €700m fee. Forecasts are not a reliable indicator of future performance.
In this simple model, the Delivery Hero probability of deal closing implied by the price sits roughly between 71% and 82%. That leaves a real chance of a large loss if the deal breaks.
The spread is the price of waiting and of regulatory risk. A 12.6% gross gap can shrink if approvals arrive. It can also widen sharply if regulators raise objections.
Delivery Hero Downside Risk if the Deal Breaks
The Delivery Hero unaffected share price was about €19.95 on 8 May 2026. A return to that level would mean a fall of about 46% from €36.85.
- The company would receive the €700m fee if regulators block the deal.
- The business has improved since May, which could support a higher stand-alone value.
- Uber would still hold a large stake, which could limit a rival bid.
- Any recovery would depend on fundamentals once the bid premium disappears.
Delivery Hero Q3 2026 Trading Update Preview
The Delivery Hero Q3 2026 trading update is due on 28 October 2026 (Investing.com). Strong numbers may do little to lift the price, since the cash offer is fixed. Weak numbers could matter more, since they may lower the fall-back value.
Delivery Hero Q2 2026 Results
| Metric | Q2 2026 | H1 2026 |
|---|---|---|
| Delivery Hero GMV | €13.2bn, +11.3% like-for-like | +10.1% like-for-like |
| Revenue | €4.0bn, +17.7% like-for-like | +17.8% like-for-like |
| Orders | 981m, +11.0% like-for-like | n/a |
| Adjusted EBITDA | n/a | €427m, +3.9% |
| Free cash flow | n/a | €348m (H1 2025: -€8m) |
| Cash | n/a | €2.8bn |
Source: Delivery Hero Q2 and H1 2026 release, 27 Aug 2026. Past performance is not a reliable indicator of future results.
The Delivery Hero adjusted EBITDA for H1 beat the €396m that analysts expected (ESM Magazine, Reuters report). Quick Commerce GMV grew 32% like-for-like in Q2. Dmarts, the company's own grocery stores, were a key driver (Delivery Hero release).
CEO Niklas Östberg said in the Q2 2026 results release: "Our Everyday App strategy drove another outstanding performance in Q2" (Delivery Hero release).
Delivery Hero 2026 Guidance
Management raised its targets across all four main metrics in August.
| Metric | Previous target | Current target |
|---|---|---|
| GMV growth (like-for-like) | 8% to 10% | 9% to 11% |
| Revenue growth (like-for-like) | 14% to 16% | 17% to 19% |
| Adjusted EBITDA | €910m to €960m | €960m to €1,000m |
| Free cash flow | above €200m | above €250m |
Source: Delivery Hero release, 27 Aug 2026. Company targets. Forecasts are not a reliable indicator of future performance.
The new Delivery Hero 2026 guidance sits above the 2025 base. Adjusted EBITDA reached €903m in 2025. Delivery Hero free cash flow was €250m (FY2025 release).
Q3 2025 Baseline
The Q3 2026 update will be measured against the Q3 2025 numbers below.
| Metric | Q3 2025 | Like-for-like growth |
|---|---|---|
| Group GMV | €12.2bn | +7% |
| Total segment revenue | €3.7bn | +22% |
| Cash balance | €2.2bn | n/a |
Source: Delivery Hero Q3 2025 release, 13 Nov 2025. Past performance is not a reliable indicator of future results.
What Traders Often Watch on 28 October
- Traders often check whether GMV growth stays near the 9% to 11% target range.
- Markets have often reacted to comments on the timing of regulatory approvals.
- Some analysts focus on second-half cash flow after the strong first half.
- Berenberg analysts noted pressure in South Korea and the Middle East in August (ESM Magazine).
- The sale of the Taiwan business for $600m is expected to close in Q4 2026 (Delivery Hero release).
- Comments on Asia may draw attention, as it was the largest segment by GMV in Q3 2025 (Delivery Hero Q3 2025 release).
Delivery Hero Stock Forecast: Analyst Price Targets
Most brokers have moved their Delivery Hero price target to the offer price. That makes the consensus less useful for a stand-alone view.
| Broker | Target | Date |
|---|---|---|
| UBS | €41.50 | 10 Sep 2026 |
| Jefferies | €41.50 | 5 Sep 2026 |
| Bernstein Research | €41.50 | 3 Sep 2026 |
| Berenberg | €41.50 | 28 Aug 2026 |
| Barclays | €41.50 | 21 Jul 2026 |
| Deutsche Bank | €40.00 | 16 Jul 2026 |
| JP Morgan | €28.00 | 1 Jun 2026 |
| RBC Capital Markets | €30.00 | 30 Apr 2026 |
Source: finanzen.net, Delivery Hero price targets. Forecasts are not a reliable indicator of future performance.
What the Targets Tell Us
Investing.com showed an average target of €38.62 on 13 October 2026 (Investing.com). That average still includes older targets from before the deal. The JP Morgan and RBC targets in the table also predate the July agreement. J.P. Morgan Securities plc later gave a fairness opinion to the Delivery Hero boards.
Berenberg analysts said in August that the discount to the offer "is too high". They also did not rule out a higher offer over time (ESM Magazine). Deutsche Bank analyst Nizla Naizer kept a Hold view on 16 July 2026. She said the valuation already looked full against US peers (Der Aktionär).
Delivery Hero Technical Analysis
Charts matter less than usual for a stock under offer. The €41.50 price tends to act as a cap unless Uber raises its bid. Still, the levels below show where buyers and sellers have met.
Delivery Hero Stock Support and Resistance
| Level | Price | Type |
|---|---|---|
| Offer price | €41.50 | Resistance (cap) |
| Delivery Hero stock 52 week high | €39.83 | Resistance |
| Agreement-day close, 16 Jul | €38.20 | Resistance |
| 100-day moving average | €37.12 | Pivot |
| Latest close, 12 Oct | €36.85 | Reference |
| 20-day moving average | €36.57 | Support |
| Indicative May proposal | €33.00 | Support |
| Unaffected price, 8 May | about €19.95 | Deal-break reference |
| 52-week low | €14.80 | Support |
Source: MarketScreener (moving averages, 13 Oct 2026), Investing.com (52-week range). Past performance is not a reliable indicator of future results.
Moving Averages and Momentum
| Indicator (13 Oct 2026) | Value | Reading |
|---|---|---|
| 5-day moving average | €36.58 | Price slightly above |
| 20-day moving average | €36.57 | Price slightly above |
| 50-day moving average | €36.77 | Price close to it |
| 100-day moving average | €37.12 | Price slightly below |
| RSI (14 days) | 49.96 | Neutral |
Source: MarketScreener. Past performance is not a reliable indicator of future results.
All four averages sit within about 60 cents of each other. That shows a flat, range-bound market. Readers new to these tools can learn how a moving average indicator works. The RSI indicator guide explains momentum readings.
Delivery Hero Financial Calendar: Key Dates
The next four weeks hold the main catalysts. EU clocks change on 25 October and US clocks on 1 November.
| Date | Event | Time |
|---|---|---|
| 28 Oct 2026 | Delivery Hero Q3 2026 trading update | To be confirmed |
| 29 Oct 2026 | ECB rate decision | 14:15 CET |
| 4 Nov 2026 | Uber Q3 2026 results | Before the US market open |
| 5 Nov 2026 | End of acceptance period | 24:00 CET, 23:00 GMT, 18:00 EST |
| After 5 Nov 2026 | Final acceptance level, then a two-week extra period if successful | To be published |
| Q4 2026 | Taiwan sale ($600m) expected to close | n/a |
| 10 Nov 2027 | Long-stop date for approvals | Extendable to 10 May 2028 |
Source: Investing.com, Admirals ECB preview, Wall Street Horizon, Business Wire via Finviz, SEC filing, Delivery Hero release (Taiwan sale).
The Admirals economic calendar lists the ECB meeting along with other macro releases.
The Buyer: Uber Q3 2026 Earnings and Financing
Uber's results do not change the cash terms. They can still shape sentiment around the deal. Uber Q3 2026 earnings are confirmed for 4 November, before the US open (Wall Street Horizon).
| Uber metric | Q2 2026 | Q3 2026 outlook |
|---|---|---|
| Gross Bookings | $58.0bn, +24% | $58.25bn to $60.25bn |
| Revenue | $14.2bn, +12% | n/a |
| Free cash flow | $2.79bn | n/a |
| Adjusted EBITDA | n/a | $2.86bn to $2.96bn |
| Non-GAAP EPS | $0.81 | $0.84 to $0.88 |
Source: Uber Q2 2026 results, SEC filing. Outlook figures are company guidance. Forecasts are not a reliable indicator of future performance.
Macro Backdrop: ECB Rates and the Spread
Higher rates make waiting more expensive. That tends to widen merger spreads. The ECB raised its deposit rate twice in 2026.
| Effective date | ECB deposit rate |
|---|---|
| 11 Jun 2025 | 2.00% |
| 17 Jun 2026 | 2.25% |
| 16 Sep 2026 | 2.50% |
Source: European Central Bank, key interest rates. Past performance is not a reliable indicator of future results.
The ECB rate decision October 2026 falls on 29 October. A further hike could add pressure on the spread. A pause could ease it slightly. The ECB meeting preview covers the main scenarios.
Illustrative Scenarios for Delivery Hero Stock
The scenarios below are illustrative. They describe what could happen, with possible triggers on each side.
| Scenario | Possible triggers | Possible price path |
|---|---|---|
| Steady progress | Acceptance above 50%, Q3 in line, steady reviews | Spread may narrow slowly towards €41.50 |
| Higher offer | Pressure from hold-outs, quick clearances | Shares could test €39.83 or above |
| Delay | Deeper EU review of the SSW sale | Spread could widen towards €33 to €35 |
| Deal blocked | Prohibition or remedies Uber rejects | Shares could fall towards €20 to €28 |
Illustrative scenarios by Admirals based on the sources in this article. Forecasts are not a reliable indicator of future performance.
Analyst views on a sweetener differ. Berenberg did not exclude one, as noted above. Most brokers in the table above set their targets at the offer price. An Uber Delivery Hero sweetener remains uncertain.
Pros and Cons of the Current Set-Up
| Pros | Cons |
|---|---|
| A fixed cash offer of €41.50 sets a clear reference price | The cash only arrives in the second part of 2027 |
| Uber's position and the Prosus commitment total about 53% | Several regulators must approve the deal |
| Both boards recommend acceptance | The EU is examining the SSW financing |
| Uber would pay Delivery Hero €700m if regulators block the deal | A failed deal could cut the price by about 46% |
| 2026 guidance was raised in August | Higher ECB rates raise the cost of waiting |
Summary by Admirals based on the sources linked in this article.
Delivery Hero Regulatory Risk and Other Risks
- Delivery Hero regulatory risk may be the largest single risk in the deal.
- The EU review of the SSW financing could add months to the timetable.
- Rising euro rates could widen the spread even if the deal stays on track.
- Weaker operating results could lower the value if the deal fails.
- After closing, a smaller free float could lead to an MDAX exit.
CEO Niklas Östberg had planned to leave by March 2027. In September the company said he would stay to lead it through the takeover. His contract runs to 30 April 2029 (Goldesel).
How Traders Approach Delivery Hero Stock
Shareholders and short-term traders face different questions. Shareholders mainly decide whether to tender or to sell. Some prefer to hold. Traders look at the spread and at event risk.
Points Shareholders Often Consider
- Tendered shares are locked until settlement, which may take more than a year.
- Selling on the market gives cash now, at about 11% below the offer on the 12 October close.
- Shares that are not tendered can still be sold on the market, though liquidity may fall after closing.
- Shares that are not tendered do not receive the offer price at settlement.
- Tax treatment can differ between tendering and selling.
Each holder's situation differs. Independent advice can help with personal decisions.
Trading a Delivery Hero CFD
Admirals offers a CFD on Delivery Hero shares (#DHER), based on the Xetra price. It is one of many CFDs on shares available on MetaTrader 5. A Delivery Hero CFD lets traders take a view on price moves in either direction without owning the shares.
A CFD holder cannot tender into the Uber offer. The position follows the share price, including any sharp fall if the deal fails. Holding a CFD position overnight incurs swap charges, which over a wait of a year or longer could absorb a large part of the spread. Corporate actions linked to the deal may also lead to adjustments of open CFD positions. The basics are covered in what is CFD trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Traders often use stop-loss orders and smaller position sizes to manage risk around event dates. A stop-loss order may not protect against price gaps, such as a sharp fall on deal news. A demo account uses virtual funds. Results may differ from live trading.
Frequently Asked Questions
Why is Delivery Hero stock below the Uber offer price?
Buyers wait until 2027 for payment and carry regulatory risk, so the market prices the shares below €41.50.
When does the Uber Delivery Hero acceptance period end?
The Uber Delivery Hero acceptance period ends on 5 November 2026 at 24:00 Frankfurt time, under the published offer terms.
When will Delivery Hero shareholders get paid?
Uber expects settlement in the second part of 2027, if regulators approve, so tendering shareholders wait for cash.
What happens to Delivery Hero stock if the deal fails?
The shares could fall towards the unaffected price near €19.95, though the €700m fee may support some value.
What is the Delivery Hero earnings date?
The Delivery Hero earnings date for the Q3 2026 trading update is 28 October 2026. The exact time is pending.
Is Delivery Hero still in the MDAX?
Yes, Delivery Hero is an MDAX member today, though a smaller free float after closing could change that later.
What is the Uber Delivery Hero long-stop date?
The Uber Delivery Hero long-stop date is 10 November 2027, extendable with BaFin consent to 10 May 2028 at most.
Summary: Delivery Hero Stock After the Offer
Delivery Hero stock trades as a deal stock. The €41.50 offer acts as a ceiling for now. The unaffected price near €19.95 marks the deal-break reference. At €36.85, the illustrative model above implies roughly a 71% to 82% chance of closing, with a long wait.
The next markers are the Q3 update on 28 October and the end of the acceptance period on 5 November. Regulatory news from Brussels may matter most after that. The spread may narrow if reviews go smoothly. It could widen quickly if they do not.
Some of the content on this page was created with the help of automated tools. All final text has been reviewed by Admirals and is under its editorial responsibility.
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Sources
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- Delivery Hero SE quotes and indicators, MarketScreener, accessed 13 October 2026.
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