--- title: "Deal Dispatch: Uber Buys Delivery Hero For $14.8 Billion, Eli Lilly Acquires AtaiBeckley, Lulu’s Fashion Considers Strategic Alternatives" type: "News" locale: "en" url: "https://longbridge.com/en/news/293063175.md" description: "Uber agreed to acquire Delivery Hero for $14.8 billion, while Eli Lilly purchased AtaiBeckley for approximately $3.8 billion. Lulu’s Fashion Lounge is evaluating strategic alternatives with financial advisors. Other notable deals include Wynnchurch Capital selling FWI Holdings to Ferguson Enterprises for $1.6 billion, First Hawaiian Inc acquiring TriCo Bancshares for $2.01 billion, and Big Brand Tire acquiring Belle Tire. Additionally, Hardee’s franchise Superior Star LLC filed for Chapter 11 bankruptcy." datetime: "2026-07-17T17:18:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293063175.md) - [en](https://longbridge.com/en/news/293063175.md) - [zh-HK](https://longbridge.com/zh-HK/news/293063175.md) generator: "portal-rs" --- # Deal Dispatch: Uber Buys Delivery Hero For $14.8 Billion, Eli Lilly Acquires AtaiBeckley, Lulu’s Fashion Considers Strategic Alternatives ## **New On The Block** **Lulu’s Fashion Lounge Holdings** (NASDAQ:LVLU) retained Solomon Partners as its financial advisor and Willkie Farr & Gallagher LLP as its legal advisor as the company evaluates strategic alternatives to maximize shareholder value. Alternatives may include a potential transaction or continued execution of Lulu’s standalone strategic plan. **Randian Capital,** a retail activist investment firm and a shareholder of **Loandepot Inc.** (NYSE:LDI), published an open letter to the board, calling for them to consider evaluating strategic alternatives, including a potential sale of the company to maximize shareholder value. **• Uber Technologies stock is under selling pressure. Why is UBER stock retreating?** ## **Updates From The Block** **Uber Technologies, Inc.** (NYSE:UBER) agreed to acquire German food-delivery company **Delivery Hero** in a $14.8 billion cash transaction. Delivery Hero reached a separate deal with New York investment firm SSW Partners to sell its businesses in 14 markets, primarily where its operations overlap with Uber Eats, for about $1.6 billion, contingent on the completion of Uber’s takeover offer and other customary closing conditions. **Eli Lilly And Co** (NYSE:LLY) entered into an agreement to purchase **AtaiBeckley Inc.** (NASDAQ:ATAI), a clinical-stage biopharmaceutical company, for approximately $3.8 billion. The transaction is expected to close in the third quarter, subject to approval by AtaiBeckley stockholders and customary closing conditions. **Wynnchurch Capital,** a middle-market private equity firm, entered into a definitive agreement to sell **FWI Holdings** to **Ferguson Enterprises** (NYSE:FERG) in a cash transaction of approximately $1.6 billion. **AE Industrial Partners,** a private investment firm, acquired **Powder Alloy Corporation**, a producer of highly engineered metallic, ceramic and thermal spray powders. Financial terms of the deal were not disclosed. **First Hawaiian Inc** (NASDAQ:FHB) will acquire **TriCo Bancshares** (NASDAQL TCBK) in an all-stock transaction valued at $2.01 billion. The parties expect to close the transaction by the end of 2026, subject to regulatory approvals. **Veritas Capital** entered into a definitive agreement to acquire BGIS from CCMP Capital Advisors and **Alberta Investment Management Corporation.** Financial terms of the transaction were not disclosed. Veritas will partner with CEO **Gord Hicks** and the BGIS management team, who will continue to lead the company. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.  **Big Brand Tire & Service** is acquiring **Belle Tire,** a Midwest tire and automotive service provider. The acquisition propels Big Brand past $1.5 billion in revenue. Together, the companies will build on a shared commitment to superior customer service and industry-leading employee satisfaction, the company stated. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. ## **Off The Block** **Jasper Therapeutics Inc.** (NASDAQ:JSPR) closed its all-stock acquisition of **Kira Pharmaceuticals** and expects to raise approximately $132 million in gross proceeds through a concurrent private placement. The capital is expected to fund the development of the combined company’s pipeline into the second half of 2028. **Construction Partners, Inc.** (NASDAQ:ROAD) completed its acquisition of **Ellsworth Construction**, an asphalt manufacturing and construction business headquartered in Tulsa, Oklahoma. Financial terms of the deal were not disclosed.  ## **Bankruptcy Block** Arizona-based Hardee’s franchise **Superior Star LLC** filed for Chapter 11 bankruptcy amid "unforeseen expenses" related to a 2023 acquisition. The company estimated it has between 1,000 and 5,000 creditors with estimated assets and liabilities between $10 million and $50 million. *For the previous edition of Deal Dispatch,* click here. *Image: Edited by Benzinga using Shutterstock* ### Related Stocks - [LVLU.US](https://longbridge.com/en/quote/LVLU.US.md) - [DHER.DE](https://longbridge.com/en/quote/DHER.DE.md) - [TCBK.US](https://longbridge.com/en/quote/TCBK.US.md) - [ATAI.US](https://longbridge.com/en/quote/ATAI.US.md) - [LLY.US](https://longbridge.com/en/quote/LLY.US.md) - [FHB.US](https://longbridge.com/en/quote/FHB.US.md) - [UBER.US](https://longbridge.com/en/quote/UBER.US.md) - [FERG.US](https://longbridge.com/en/quote/FERG.US.md) - [LLYZ.US](https://longbridge.com/en/quote/LLYZ.US.md) - [ELIL.US](https://longbridge.com/en/quote/ELIL.US.md) - [UBEW.US](https://longbridge.com/en/quote/UBEW.US.md) - [UBRL.US](https://longbridge.com/en/quote/UBRL.US.md) - [LLYX.US](https://longbridge.com/en/quote/LLYX.US.md) - [ELIS.US](https://longbridge.com/en/quote/ELIS.US.md) - [LDI.US](https://longbridge.com/en/quote/LDI.US.md) - [JSPR.US](https://longbridge.com/en/quote/JSPR.US.md) - [KPRX.US](https://longbridge.com/en/quote/KPRX.US.md) - [ROAD.US](https://longbridge.com/en/quote/ROAD.US.md) ## Related News & Research - [Morgan Stanley Sticks to Their Buy Rating for Ferguson Enterprises (FERG)](https://longbridge.com/en/news/296641652.md) - [Ferguson Enterprises (FERG) Could Be 11% Undervalued Following Earnings Beat And Higher Guidance](https://longbridge.com/en/news/295877849.md) - [Uber COO says there's a downside to being at the top](https://longbridge.com/en/news/296159632.md) - [Why Is Omniab Stock Rallying After Eli Lilly Deal?](https://longbridge.com/en/news/296113651.md) - [How Eli Lilly’s Global Vault CRM Rollout At Veeva Systems (VEEV) Has Changed Its Investment Story](https://longbridge.com/en/news/296430987.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**