Uber raises Delivery Hero stake, increasing takeover odds

Uber Technologies Inc (NYSE:UBER, XETRA:UT8)'s increased stake in Delivery Hero (XETRA:DHER, OTCQX:DLVHF) and reported takeover approach could materially raise the probability of a full acquisition, while also introducing potential capital allocation and execution trade-offs that may temper near-term investor enthusiasm, according to Jefferies analysts. Uber has reportedly lifted its holding in Delivery Hero to 25% (37% including instruments), up from 19.5% previously, following disclosures tied to a recent voting rights filing.