Razer's top executives could take the company private in a deal worth billions

A group that includes Razer's top executives has proposed to have the visitor private in a bargain worth up to HK$10.79 billion ($ane.38 billion) (via Reuters). The proposal values Razer at HK$24.70 billion ($iii.17 billion). Chairman Min-Liang Tan and non-executive managing director Kaling Lim, who own virtually 57% of Razer, lead the consortium. The grouping also includes private equity firm CVC Capital Partners. Details of the proposal are listed in a regulatory filing (PDF).

Razer, known for making some of the all-time laptops and all-time gaming accessories, was founded in 2005. The company went public in 2022.

The group is offering Razer HK$ii.82 ($0.36) per share, which is a premium of approximately 55.viii% over the closing price of HK$1.81 ($0.23) per share quoted on the stock commutation on October 27, 2022.

Equally noted past Nikkei, the consortium believes that Razer has been undervalued in Hong Kong and that the company has suffered from depression trading volumes.

An independent financial adviser will be appointed for Razer by the company's lath, co-ordinate to the filing.

The trade of Razer stock has been halted. "The Company will make an application to the Stock Exchange for the withdrawal of the listing of the Shares on the Stock Exchange, in accordance with Rule six.15(2) of the Listing Rules, with issue immediately following the Effective Date," explains the filing.

The filing specifies that the cancellation price will not increment in the future.

Razer shares fell past almost 8% after the announcement of the proposed deal.

For gamers by gamers

The best Razer keyboards for your gaming PC

Razer makes a lot of great keyboards, but there are some that ascent to a higher place the rest. If you lot're going to buy a new Razer gaming keyboard, these are the ones to get.