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Zeekr Rockets 10%+ Pre-Mkt as GEELY AUTO Proposes Privatization
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Zeekr (ZK.US) has received a privatization proposal from GEELY AUTO (00175.HK), with the proposed purchase price representing a premium of about 13.6% to the closing price of Zeekr’s ADSs on the New York Stock Exchange on the last trading day. Zeekr’s US shares rocketed by nearly 10.9% to US$25.05 pre-market. GEELY AUTO announced today (7th) that it had submitted a non-binding proposal to Zeekr, initially expressing its intention to privatize the company. The proposed purchase price is US$2.566 per Zeekr share or US$25.66 per ADS. Shareholders may also choose to exchange each Zeekr share for 1.23 newly issued shares or receive 12.3 newly issued shares for each ADS. AAStocks Financial News |
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