Delivery Hero stock: Uber tender event resets bond terms
Published on 11/11/2026 at 18:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUber Offer Changes Bond Terms
- An acceptance event under the bond terms triggered a lower conversion price.
- The adjustment concerns Delivery Hero's convertible bonds due in 2030.
- The tender offer process, rather than operating performance, is the immediate equity focus.
Delivery Hero said on Wednesday, November 11, that an acceptance event linked to Uber International Technologies II Corporation's voluntary tender offer for all Delivery Hero shares had triggered a change in the terms of its convertible bonds. The company disclosed the adjustment in an EQS News release carried by Placera.
Bond Terms Change After Acceptance Event
The notice covers Delivery Hero's 1-billion-euro convertible bonds due in 2030. It says the conversion price was reduced from 57.75 euros to 48.6290 euros, effective November 10, after the acceptance event. The acceptance record date was November 5.
The adjustment changes the price at which the bonds can be converted into Delivery Hero shares. It does not represent a change in the company's reported operating performance. The notice also states that Uber's offer seeks to acquire all shares in Delivery Hero, leaving further offer developments as the key transaction variable for equity investors.
Why The Update Matters
Delivery Hero stock traded at 36.78 euros on Lang & Schwarz at 18:06 CET on Wednesday, November 11, 0.33 percent below the Xetra close of Tuesday, November 10. The bond adjustment may affect the potential dilution economics of the convertible instruments, while the eventual equity impact depends on the further course of the tender offer and the terms of the outstanding bonds.
Delivery Hero stock facts
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- WKN: A2E4K4
- Ticker: DHER.DE
- Home listing: Frankfurt Stock Exchange
- Index: MDAX
- Lang & Schwarz price: 36.78 euros at 18:06 CET on Wednesday, November 11, 2026
- Change versus Xetra: 0.33 percent below the Xetra close of Tuesday, November 10
- Xetra comparison close: 36.90 euros
German equities remain sensitive to broader risk appetite and transaction news. Investors can follow the DAX market as the tender process develops.
