0715 GMT - Deliveroo's deal terms with Doordash will likely remain the same, Deutsche Bank analyst Silvia Cuneo writes in a note. San Francisco-based Doordash will acquire the U.K.'s Deliveroo for around 2.9 billion pounds, with shareholders receiving 180 pence a share--a roughly 44% premium to Deliveroo's closing price on April 4. "While DoorDash has reserved the right to increase its offer in the event of a counter-bid, [we] assume the current terms will prevail and we see limited upside risk," Cuneo says. The German bank downgrades its recommendation on Deliveroo to hold from buy and raised its target price to 180 pence from 175 pence. Deliveroo shares are up 0.2% at 175.80 pence. Doordash shares closed at $190.11 on Tuesday. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 03:16 ET (07:16 GMT)
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