Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Bottom-Up

<ul>
  <li>
<a href="https://smartkarma.com/entities/deliveroo-plc">Deliveroo</a> is set to be acquired by US-based DoorDash for approximately $3.9 billion, a move expected to close by early October 2025, significantly expanding DoorDash's international footprint into nine new markets.</li>
  <li>The company has demonstrated a strong growth trajectory, achieving its first annual pre-tax profit in 2024 and showing a 4.33% 3-year revenue CAGR, though it has historically struggled with consistent profitability.</li>
  <li>The acquisition is viewed as a strategic necessity in a rapidly consolidating and intensely competitive global food delivery market, aiming to leverage DoorDash's scale and technology with <a href="https://smartkarma.com/entities/deliveroo-plc">Deliveroo</a>'s local market expertise.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Deliveroo is set to be acquired by US-based DoorDash for approximately $3.9 billion, a move expected to close by early October 2025, significantly expanding DoorDash's international footprint into nine new markets.
  The company has demonstrated a strong growth trajectory, achieving its first annual pre-tax profit in 2024 and showing a 4.33% 3-year revenue CAGR, though it has historically struggled with consistent profitability.
  The acquisition is viewed as a strategic necessity in a rapidly consolidating and intensely competitive global food delivery market, aiming to leverage DoorDash's scale and technology with Deliveroo's local market expertise.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

US-EU Index & Corporate Actions Analyst

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/doordash-inc" target="_blank" data-smartkarma-citation="entities:28881:1" rel="noopener">DoorDash (DASH US)</a> has agreed to acquire <a href="https://www.smartkarma.com/entities/deliveroo-plc" target="_blank" data-smartkarma-citation="entities:27468:1" rel="noopener">Deliveroo (ROO LN)</a> in an all-cash transaction valued at approximately $3.9 billion, with Deliveroo shareholders receiving 180 pence per share.</li>
<li>The acquisition is expected to become effective on October 2, 2025, with <a href="https://www.smartkarma.com/entities/deliveroo-plc" target="_blank" data-smartkarma-citation="entities:27468:1" rel="noopener">Deliveroo (ROO LN)</a> founder and CEO Will Shu and several non-executive directors stepping down upon completion.</li>
<li>Following the deal, <a href="https://www.smartkarma.com/entities/deliveroo-plc" target="_blank" data-smartkarma-citation="entities:27468:1" rel="noopener">Deliveroo (ROO LN)</a> will be removed from UK and European indices, with replacements expected imminently.</li>
</ul>



DoorDash (DASH US) has agreed to acquire Deliveroo (ROO LN) in an all-cash transaction valued at approximately $3.9 billion, with Deliveroo shareholders receiving 180 pence per share.
The acquisition is expected to become effective on October 2, 2025, with Deliveroo (ROO LN) founder and CEO Will Shu and several non-executive directors stepping down upon completion.
Following the deal, Deliveroo (ROO LN) will be removed from UK and European indices, with replacements expected imminently.


DoorDash-Deliveroo $3.9B Deal Closes, Index Replacements Ahead

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>All regulatory approvals secured; Deliveroo’s 180p/share takeover by DoorDash now awaits only procedural court steps. Sanction hearing is scheduled for 30 September; scheme effective date is 2 October.</li>
<li>With a 1p spread and 179p entry, the deal offers ~8.9% annualised return by early October. Early entrants at 170.8p continue to realise strong IRRs above 12%.</li>
<li>Risk is minimal with near-unanimous shareholder backing and no regulatory obstacles remaining. Administrative timing is the only variable; monitoring court scheduling and filing is key to arbitrage efficiency.</li>
</ul>


All regulatory approvals secured; Deliveroo’s 180p/share takeover by DoorDash now awaits only procedural court steps. Sanction hearing is scheduled for 30 September; scheme effective date is 2 October.
With a 1p spread and 179p entry, the deal offers ~8.9% annualised return by early October. Early entrants at 170.8p continue to realise strong IRRs above 12%.
Risk is minimal with near-unanimous shareholder backing and no regulatory obstacles remaining. Administrative timing is the only variable; monitoring court scheduling and filing is key to arbitrage efficiency.


Deliveroo Delivered: Clean Takeout, No Leftovers

<ul>
<li>Deliveroo shareholders approved DoorDash’s 180p cash offer; only court sanction and procedural steps remain. Settlement could occur as early as 30 July 2025.</li>
<li>At 175.9p, the 2.33% gross spread implies a ~36.3% annualised return assuming 30-day closing.</li>
<li>Amazon counterbid now highly improbable under Rule 2.8; DoorDash bid remains dominant with 97% scenario weighting.</li>
</ul>


Deliveroo shareholders approved DoorDash’s 180p cash offer; only court sanction and procedural steps remain. Settlement could occur as early as 30 July 2025.
At 175.9p, the 2.33% gross spread implies a ~36.3% annualised return assuming 30-day closing.
Amazon counterbid now highly improbable under Rule 2.8; DoorDash bid remains dominant with 97% scenario weighting.


High-Conviction Arbitrage: 36% IRR Possible with 30 July Settlement, Court Approval Secured

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul><li>In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the December 2025 index rebal event.</li><li>The index changes for the December 2025 rebal will be based on the close of 2nd December 2025 and announced after the close of 3rd December 2025.</li><li>Based on the current numbers, we see one change for the F100 index and four changes for the F250 index in December 2025.</li></ul>

In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the December 2025 index rebal event.The index changes for the December 2025 rebal will be based on the close of 2nd December 2025 and announced after the close of 3rd December 2025.Based on the current numbers, we see one change for the F100 index and four changes for the F250 index in December 2025.

Quiddity Leaderboard F100/F250 Dec25: One F100 ADD, Four F250 ADDs Likely; One Day to Base Date

United Kingdom

Deliveroo PLC provides software solutions. The Company offers an online food delivery platform which allows users to order meals from partner restaurants, grocery stores, and other food suppliers. Deliveroo serves customers worldwide.

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Deliveroo (ROO LN)

Primer: Deliveroo (ROO LN) - Oct 2025

Deliveroo is set to be acquired by US-based DoorDash for approximately $3.9 billion, a move expected to close by early October 2025,...

αSK

DoorDash-Deliveroo $3.9B Deal Closes, Index Replacements Ahead

$3.9B DoorDash-Deliveroo deal completes October 2, reshaping DoorDash’s global profile and prompting replacements in UK and EU indices.

Harry Kalfas

Deliveroo Delivered: Clean Takeout, No Leftovers

Deliveroo’s 180p takeover by DoorDash is fully approved, with settlement expected 2 Oct. At 179p, the spread offers a clean ~9% annualised return...

Jesus Rodriguez Aguilar

High-Conviction Arbitrage: 36% IRR Possible with 30 July Settlement, Court Approval Secured

Deliveroo shareholders backed DoorDash’s 180p offer. With court sanction due late July, settlement could close by 30 July, offering a ~36% IRR.

Jesus Rodriguez Aguilar

Quiddity Leaderboard F100/F250 Dec25: One F100 ADD, Four F250 ADDs Likely; One Day to Base Date

We achieved 100% hit rate for the F100/250 Dec25 index review. The results were confirmed publicly after market close yesterday. I have summarized...

Afridi Reyal

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