Delivery Hero's Stock Surges on Sachem Head Acquisition Report

Thursday, 4 April 2024, 14:56
The German-based company, Delivery Hero, experienced a significant 14% surge in its stock price following the news of activist investor Sachem Head Capital Management acquiring a 3.6% stake. Sachem Head is reportedly contemplating a leadership change by potentially replacing the current CEO.
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Delivery Hero's Stock Surges on Sachem Head Acquisition Report

Delivery Hero's Stock Surge

Shares of Delivery Hero saw a sharp rise of 14% in the German market due to activist investor Sachem Head Capital Management's recent acquisition of a 3.6% stake in the company.

Activist Investor Sachem Head Involvement

The move by Sachem Head has sparked speculation about a possible leadership change within Delivery Hero as the investor considers the option of replacing the current CEO.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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