Delivery Hero stock faces bond reset after Uber tender event
Published on 11/12/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBond terms shift after Uber event
- Delivery Hero said an Acceptance Event occurred in connection with Uber International Technologies II Corporation's voluntary public tender offer.
- The conversion-price adjustment became effective on November 10 under the bond terms, while the notice was published on November 11.
- The change affects the terms of the convertible bonds and can increase potential dilution if conversion becomes economically attractive.
Delivery Hero said on Wednesday, November 11, that an Acceptance Event had occurred in connection with Uber International Technologies II Corporation's voluntary public tender offer for all shares in Delivery Hero. In a notice to holders of its 1-billion-euro convertible bonds due 2030, the company said the event triggered an adjustment under the bond conditions.
The notice, published by Delivery Hero, states that the conversion price was reduced from 57.75 euros to 48.6290 euros, effective November 10. The acceptance record date was November 5. The company did not describe the notice as completion of the takeover.
What the bond adjustment changes
A lower conversion price reduces the share-price threshold at which a bond conversion may become attractive. For Delivery Hero, that changes the terms applying to the 2030 bonds and may increase potential dilution if holders convert into shares in the future. The notice itself concerns the financing terms, not a change in operating performance or a new earnings forecast.
The event was linked to Uber's offer to acquire all Delivery Hero shares. Investors therefore still need to distinguish between the bond adjustment, the tender process and any later steps required for the transaction. The bond notice sets out the contractual consequence of the acceptance event but does not establish that all offer conditions have been fulfilled.
Delivery Hero stock trades below Xetra close
Delivery Hero stock traded at 36.68 euros on Lang & Schwarz at 11:00 CET on Thursday, November 12, 0.19 percent below the Xetra close of 36.75 euros on Wednesday, November 11. The quote places the stock below the revised conversion price for the 2030 bonds, although the economic effect for bondholders depends on the full bond terms and future share-price movements.
Delivery Hero stock at a glance
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- WKN: A2E4K4
- Listing: Frankfurt Stock Exchange
- Index: MDAX
- Lang & Schwarz quote: 36.68 euros at 11:00 CET on November 12, 2026
- Change versus Xetra close: 0.19 percent below 36.75 euros on November 11, 2026
- Bond affected: 1 billion euros, convertible bonds due 2030
German equities remain the broader market backdrop for Delivery Hero stock; investors can follow current market reports for wider developments.
