The British food supply company provides articular actions in the Dordash acquisition offer

Developero actions increased in London on Monday after the British food supply company said that it received a “landmarks” from Doordash (DROP) Acquisition for 180 pens (USD 2.40) per share, i.e. around 2.72 billion pounds (USD 3.63 billion).

Developero actions increased by 17% in London to 171.9 pence. Doordash shares, which have until 17:00 London on May 23 to “announce a definite intention to submit an offer”, did not change much into trading.

Developeroo said that he had received a proposal on April 5 and that its management showed an American company that “if the company’s offer is submitted to these conditions,” would be aimed at recommending such an offer for providing shareholders. ”

Citi analysts on Monday confirmed their assessment of “Buy” Dordash shares after the proposed taking over the delivery, saying that the British company “meets several criteria of mergers and acquisitions Dask”, including the extension of geographical scope, as well as the total addressing market. They said that an American company would need time if it were to expand organically when delivering long -term free cash flow.

Developero, which was founded in 2013 and is based in London, operates in nine markets, including France, Ireland and Singapore.