Will Shu set for £172m payout if Deliveroo takeover goes ahead
Investors are set to give their verdict on a prospective £2.7 billion takeover of Deliveroo by a larger American rival, which could net its founder more than £170 million despite the company losing more than half its value since its disastrous initial public offering.
Shares in the FTSE 250 constituent will be in sharp focus when trading begins on Monday morning after Deliveroo's board said it would be 'minded to recommend' a takeover proposal from Door Dash, which valued the takeaway group at £2.7 billion, or 180p a share.
Door Dash, which approached Deliveroo on April 5, has until May23 to either make a firm offer or walk away. It has been granted access to Deliveroo's books.
It is thought that Door Dash initially
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