Chinese EV maker Zeekr gains on take-private offer from Geely Auto
ReutersMay 7, 2025 1:58 PM
U.S.-listed shares of electric vehicle (EV) maker Zeekr ZK.N rise ~11% to $25.00 per share, their highest level since March 27
ZK marks its biggest intraday pct gain since March 11
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; it would need to pay $2.2 billion to control the rest, as per Reuters calculation
ZK's NYSE-listed stock down ~12% so far this year, including the day's move
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