Jengtingchen
Per the companies' announcements, Geely and Zeekr have entered into a merger agreement, allowing Zeekr shareholders to either sell their shares or swap them for Geely's stock.
Zeekr shares are priced at $2.687, while ADSs are available at $26.87, indicating a premium of 18.9% compared to their closing price on May 6. Shareholders have the option to trade every Zeekr share for 1.23 new Geely shares, and each ADS for 12.3 Geely shares.
Zeekr's board has endorsed the agreement and is urging shareholders to back the merger.
The transaction is anticipated to finalize in the fourth quarter of 2025. Geely intends to remove Zeekr shares from the NYSE following this.
In May, Geely, which possesses over 65% of Zeekr shares, tried to acquire the rest of the stake by offering $2,566 for each share, equivalent to $25.66 per ADS.
Zeekr was separated from Geely in March 2021. Last year, the company conducted an IPO and merged with another EV brand in the Geely group, Lynk & Co.
source: bloomberg.com
Zeekr shares are priced at $2.687, while ADSs are available at $26.87, indicating a premium of 18.9% compared to their closing price on May 6. Shareholders have the option to trade every Zeekr share for 1.23 new Geely shares, and each ADS for 12.3 Geely shares.
Zeekr's board has endorsed the agreement and is urging shareholders to back the merger.
The transaction is anticipated to finalize in the fourth quarter of 2025. Geely intends to remove Zeekr shares from the NYSE following this.
In May, Geely, which possesses over 65% of Zeekr shares, tried to acquire the rest of the stake by offering $2,566 for each share, equivalent to $25.66 per ADS.
Zeekr was separated from Geely in March 2021. Last year, the company conducted an IPO and merged with another EV brand in the Geely group, Lynk & Co.
source: bloomberg.com
