AI English summary of an SEC filing — figures as filed
DoorDash DASHDoorDash said its board and the Deliveroo plc board agreed the terms of a recommended final cash offer for Deliveroo's entire issued and to be issued share capital. Deliveroo shareholders will receive 180 pence in cash per share, and the company said the terms value Deliveroo's entire issued share capital at about £2.9 billion.
Key points
AI summaryDoorDash said its board and the Deliveroo plc board agreed the terms of a recommended final cash offer for Deliveroo's entire issued and to be issued share capital. Deliveroo shareholders will receive 180 pence in cash per share, and the company said the terms value Deliveroo's entire issued share capital at about £2.9 billion.
The company said the deal will be implemented as a court-sanctioned scheme of arrangement and is subject to shareholder approval, sanction by the court, and regulatory approvals. The company set the Long-Stop Date as May 6, 2026 and said it expects completion in Q4 2025, once all conditions are satisfied or waived.
The company entered into a Bridge Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The lenders agreed to provide borrowings of up to $2.85 billion to partly fund the cash consideration for the deal. Any loans would mature 364 days after the closing date.
DoorDash said the Shareholder Undertakings from Greenoaks Capital Opportunities Fund, L.P. and DST Managers V Limited cover 134,215,341 Deliveroo shares, or about 8.967% of Deliveroo's outstanding shares as of May 2, 2025. The company said the Director Undertakings from Deliveroo board members cover 96,727,659 shares, or about 6.462%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
DoorDash agrees 180 pence per share cash deal for Deliveroo
DoorDash said its board and the Deliveroo plc board agreed the terms of a recommended final cash offer for Deliveroo's entire issued and to be issued share capital. Deliveroo shareholders will receive 180 pence in cash per share, and the company said the terms value Deliveroo's entire issued share capital at about £2.9 billion.
Source · Based on the filing body and exhibits
Scheme approval conditions and expected completion timing
The company said the deal will be implemented as a court-sanctioned scheme of arrangement and is subject to shareholder approval, sanction by the court, and regulatory approvals. The company set the Long-Stop Date as May 6, 2026 and said it expects completion in Q4 2025, once all conditions are satisfied or waived.
Source · Based on the filing body and exhibits
Bridge Credit Agreement up to $2.85 billion
The company entered into a Bridge Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The lenders agreed to provide borrowings of up to $2.85 billion to partly fund the cash consideration for the deal. Any loans would mature 364 days after the closing date.
Source · Based on the filing body and exhibits
Shareholder and director irrevocable undertakings stake
DoorDash said the Shareholder Undertakings from Greenoaks Capital Opportunities Fund, L.P. and DST Managers V Limited cover 134,215,341 Deliveroo shares, or about 8.967% of Deliveroo's outstanding shares as of May 2, 2025. The company said the Director Undertakings from Deliveroo board members cover 96,727,659 shares, or about 6.462%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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