Delivery Hero stock faces bond conversion reset after Uber tender event
Published on 11/11/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUber Tender Changes Bond Terms
- Delivery Hero said an Acceptance Event occurred in connection with Uber's voluntary offer for all shares.
- The conversion price for the EUR 500 million convertible bond due 2029 fell from EUR 183.120 to EUR 162.8712 effective November 10.
- The notice identifies Delivery Hero as a Berlin-based local delivery platform operating in around 65 countries.
Delivery Hero announced an Acceptance Event linked to Uber International Technologies II Corporation's voluntary public tender offer for all shares in Delivery Hero. The company disclosed the event in a bondholder notice published by Markets Insider, carrying an EQS News release dated Wednesday, November 11, 2026.
The notice covers Delivery Hero's EUR 500 million convertible bonds due 2029. It states that the Acceptance Event occurred under the bond terms in connection with Uber's offer. The related acceptance record date was November 5, while the adjustment took effect on November 10.
Conversion Price Moves Lower
For the 2029 convertible bond, the conversion price was reduced from EUR 183.120 to EUR 162.8712. The change follows the mechanism set out in the bond terms and affects the price at which the bond can be converted into Delivery Hero shares. It is a bond-term adjustment rather than a change to the company's reported operating performance.
The same notice describes Delivery Hero as a local delivery platform operating in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. The company also highlights quick commerce, through which it offers groceries and household goods with short delivery times.
Delivery Hero Stock Trades Near Xetra
Delivery Hero stock traded at 36.89 euros on Lang & Schwarz at 10:31 CET on Wednesday, November 11, 0.03 percent below the Xetra close of Tuesday, November 10. The move places the share close to the prior Xetra session's closing level as investors assess the tender-offer process and its financing implications.
The notice states that Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX. The equity impact of the bond adjustment depends on the further course of the tender offer and the terms governing the outstanding convertible instruments.
Delivery Hero Stock Facts
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- Lang & Schwarz price: 36.89 euros at 10:31 CET, Wednesday, November 11, 2026
- Change versus Xetra: 0.03 percent below the Xetra close of Tuesday, November 10
- Xetra comparison close: 36.90 euros
- Home listing: Frankfurt Stock Exchange
- Index: MDAX
German equities can be followed through the DAX market as investors monitor broader conditions around the tender process.
