Deliveroo's Stock Soars on Acquisition News

In a dramatic turn of events, Deliveroo plc's shares skyrocketed by over 17% this Monday. The surge came after news broke that DoorDash, a leading food delivery service, has proposed a monumental $3.6 billion acquisition of the company.

The Offer That Changed Everything

Last Friday, Deliveroo made a startling disclosure. The company revealed that it had received an offer from DoorDash on April 5, valuing Deliveroo at 180 pence per share. The board of Deliveroo has expressed its inclination to recommend the offer, should a formal bid be presented.

Market Reaction: By 11:39 am CET, Deliveroo's stock had climbed an impressive 17.19%, reaching 171.8 pence, as investors reacted to the potential takeover.