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Delivery Hero's Boards Recommend Shareholders Accept Uber's Takeover Bid

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Delivery Hero's Management and Supervisory Boards jointly recommended that shareholders accept Uber Technologies' (UBER) takeover offer, according to a company release.

The boards said Uber's offer of 41.50 euros ($48.10) per Delivery Hero share is "fair and adequate."

The acceptance period is expected to end on Nov. 5, they said.

Price: $77.15, Change: $+1.91, Percent Change: +2.54%

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