Chinese EV maker Zeekr gains on privatisation offer from Geely Auto
ReutersMay 7, 2025 10:26 AM
U.S.-listed shares of electric vehicle (EV) maker Zeekr ZK.N rise ~11% to $25.00 per share in premarket trading
Chinese EV maker Geely Automobile 0175.HK plans to take Zeekrprivate for $25.66 per American Depositary Share (ADS) - a premium of 13.6% to stock's previous close
Offer-per-ADS values Zeekr at $6.52 billion
Geely Auto already owns 65.7% of total outstanding share capital of Zeekr
ZK's NYSE-listed stock down 20.4% so far this year, as of last close
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