Zeekr investors argue Geely $2.2B offer undervalues unit, Reuters says

Five early investors in Zeekr (ZK) have written to its board that Geely (GELYF) is undervaluing Zeekr’s premium electric car unit with the $2.2B take-private offer it has made, Reuters reports, citing three sources with direct knowledge of the matter. The investors include Contemporary Amperex Technology, Intel Capital and Boyu Capital. These investors have sent two letters written jointly and formed a special committee to assess the offer, arguing the privatization price was too low to reflect the fair value of Zeekr, the sources told Reuters.