Deliveroo PLC on Friday responded to media speculation that DoorDash Inc has reached out regarding an acquisition offer.
The London-based food delivery company said its San Francisco-based counterpart had made an indicative proposal on April 5 for a cash offer of 180 pence per Deliveroo share.
Should a firm offer be made such terms, the company said it would be ‘minded to recommend such an offer to Deliveroo shareholders, subject to the agreement of the other terms of the offer’.
DoorDash traded 0.7% lower at $185.83 in New York on Friday.
Deliveroo had earlier closed up 4.7% at 146.60p in London.
Deliveroo said it has decided to engage with the company regarding the offer and has provided access to due diligence.
It urged investors to take no action at this time.
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