Shares of Deliveroo surged to a three-year high on Monday after the British food delivery company confirmed it received a $3.6 billion takeover offer from U.S.-based DoorDash, according to CNBC. Deliveroo first announced the approach Friday after European markets closed and followed up Monday by suspending its $133.5 million share buyback program. Deliveroo's board said it would be “minded to recommend” the offer if a firm bid is made, while discussions with DoorDash continue. Deliveroo shares rose 17.6%, their highest since January 2022.
