The food-delivery company said it received a $3.59 billion takeover approach that it would be prepared to recommend to shareholders, if a formal offer were made.

(Reuters) -British meal delivery company Deliveroo suspended its 100 million pound ($133.13 million) share buyback program on Monday, days after it said it had received a $3.6 billion buyout proposal from U.

On Monday, Deliveroo also suspended its £100m share buyback programme as a result of the takeover talks. The takeaway delivery operator unveiled the buyback programme, which would have brought shareholder returns since 2023 to £550m, in March. It added that it could still recommence the programme at a later date.