Uber Faces €33 Delivery Hero Bid as Long Weekend Looms
Uber closed Friday at $71.82, down 2.43%, ending a 4.4% weekly slide as Delivery Hero confirmed Uber’s €33-a-share takeover approach. U.S. markets are shut until Tuesday for Memorial Day, delaying investor reaction. The €33 proposal is about 1.76% below Delivery Hero’s last close. Uber recently raised its Delivery Hero stake to 19.5%.