Geely Proposes to Take Zeekr Private in a Strategic Move

In a surprising turn of events, Zeekr Intelligent Technology Holding Limited saw its shares surge over 10% in premarket trading. This dramatic increase came after its parent company, Geely Automobile Holdings Ltd., made a non-binding offer to take Zeekr private.

Details of the Offer

Geely has proposed to acquire all issued and outstanding Zeekr shares for $2.57 per share and American Depositary Shares (ADS) for $25.66 per share. This bold move has sparked significant interest among investors and market analysts alike.

Market Reaction

By 4:53 am ET, Zeekr's shares had climbed 10.09%, reaching $24.87 per share. This surge reflects the market's optimistic outlook on the potential privatization and what it could mean for Zeekr's future.