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.

Deliveroo said it received a proposal from US peer DoorDash on 5 April to buy all of its shares for £2.7 billion (€3.2 billion).