UK's Deliveroo suspends share buyback

Reuters
6 hours ago
UK's Deliveroo suspends share buyback

April 28 (Reuters) - British meal delivery company Deliveroo ROO.L suspended its 100 million pound ($133.13 million) share buyback program on Monday, days after it said it had received a proposal from U.S. peer DoorDash DASH.O.

On Friday, Deiveroo had said it received a proposal from DoorDash on April 5 to buy all of its shares for 2.7 billion pounds.

($1 = 0.7511 pounds)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich)

((Chandini.M@thomsonreuters.com; +918061822697;))

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